Sophiris Bio Inc. (NASDAQ:SPHS) was down 10% during trading on Wednesday . The company traded as low as $3.37 and last traded at $3.50, with a volume of 3,309,839 shares. The stock had previously closed at $3.89.

A number of equities research analysts have commented on SPHS shares. Maxim Group restated a “buy” rating and set a $4.00 target price on shares of Sophiris Bio in a research note on Friday, June 10th. Echelon Wealth Partners restated a “buy” rating and set a $5.00 target price on shares of Sophiris Bio in a research note on Friday, June 10th.

The stock’s 50 day moving average is $4.33 and its 200-day moving average is $2.25. The company’s market cap is $70.36 million.

Sophiris Bio, Inc, formerly Protox Therapeutics Inc, is a Canada-based biopharmaceutical company focused on the research, development and commercialization of products for the treatment of urological diseases. The Company has operations based in San Diego developing a treatment for benign prostatic hyperplasia (benign prostatic hyperplasia (BPH) or enlarged prostate).

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