Shares of Auris Medical Holding AG (NASDAQ:EARS) dropped 7.2% during mid-day trading on Monday . The stock traded as low as $3.95 and last traded at $3.97, with a volume of 164,094 shares. The stock had previously closed at $4.28.

EARS has been the topic of several recent analyst reports. Zacks Investment Research upgraded Auris Medical Holding AG from a “hold” rating to a “buy” rating and set a $4.50 price objective on the stock in a report on Tuesday, July 12th. Leerink Swann restated a “buy” rating and set a $12.00 price objective on shares of Auris Medical Holding AG in a report on Wednesday, June 15th. Finally, Jefferies Group restated a “buy” rating on shares of Auris Medical Holding AG in a report on Friday, June 10th.

The firm’s 50-day moving average price is $4.06 and its 200 day moving average price is $3.95. The firm’s market cap is $131.82 million.

Auris Medical Holding AG is a holding and clinical-stage biopharmaceutical company focused on the development of products for the treatment of inner ear disorders. Its advanced product candidate, AM-101, is in Phase III clinical development for acute inner ear tinnitus under a special protocol assessment (SPA) from the United States Food and Drug Administration.

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