Compugen Ltd. (CGEN) Sees Unusually-High Trading Volume
Compugen Ltd. (NASDAQ:CGEN) saw strong trading volume on Friday . 183,044 shares changed hands during mid-day trading, an increase of 63% from the previous session’s volume of 112,035 shares.The stock last traded at $7.02 and had previously closed at $6.92.
A number of equities analysts recently commented on CGEN shares. FBR & Co reiterated a “buy” rating on shares of Compugen in a research report on Thursday, May 12th. Zacks Investment Research downgraded Compugen from a “hold” rating to a “sell” rating in a research report on Tuesday, July 12th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $10.25.
The firm’s market capitalization is $355.85 million. The stock has a 50 day moving average of $6.70 and a 200-day moving average of $6.24.
Compugen (NASDAQ:CGEN) last posted its earnings results on Tuesday, August 2nd. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.04. Equities analysts expect that Compugen Ltd. will post ($0.56) EPS for the current year.
Compugen Ltd. (Compugen) is a therapeutic discovery company. The Company focuses on the discovery and development of monoclonal antibodies (mAbs) and therapeutic proteins in the fields of oncology and immunology. Its pipeline program consists of drug targets and therapeutic product candidates at various stages ranging from target validation to pre-clinical studies in the fields of oncology and immunology, with a primary focus on immuno-oncology.
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