Vascular Biogenics Ltd. (VBLT) Shares Down 5.6%
Shares of Vascular Biogenics Ltd. (NASDAQ:VBLT) traded down 5.6% during mid-day trading on Monday . The stock traded as low as $4.05 and last traded at $4.05, with a volume of 149,384 shares. The stock had previously closed at $4.29.
Several analysts have issued reports on the company. Roth Capital restated a “buy” rating and set a $17.00 price objective on shares of Vascular Biogenics in a report on Tuesday. Zacks Investment Research upgraded Vascular Biogenics from a “sell” rating to a “hold” rating in a report on Thursday, July 14th. HC Wainwright began coverage on Vascular Biogenics in a report on Tuesday, June 28th. They set a “buy” rating and a $11.00 price objective on the stock. Chardan Capital reiterated a “buy” rating on shares of Vascular Biogenics in a report on Tuesday, June 7th. Finally, Piper Jaffray Cos. reiterated a “buy” rating and issued a $14.00 target price on shares of Vascular Biogenics in a report on Tuesday, June 7th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $15.50.
The firm’s 50-day moving average price is $4.14 and its 200 day moving average price is $3.70. The firm’s market cap is $96.77 million.
Vascular Biogenics (NASDAQ:VBLT) last posted its quarterly earnings results on Monday, August 15th. The biopharmaceutical company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.09. Analysts forecast that Vascular Biogenics Ltd. will post ($0.75) earnings per share for the current fiscal year.
Vascular Biogenics Ltd. is a clinical-stage biopharmaceutical company. The Company is focused on the discovery, development and commercialization of first-in-class treatments for cancer. The Company’s program is based on its Vascular Targeting System (VTS) platform technology, which utilizes genetically targeted therapy to destroy newly formed, or angiogenic, blood vessels.
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