Vascular Biogenics Ltd. (NASDAQ:VBLT)’s share price dropped 4% on Friday . The stock traded as low as $4.04 and last traded at $4.07, with a volume of 107,716 shares changing hands. The stock had previously closed at $4.24.

VBLT has been the subject of several research reports. Roth Capital restated a “buy” rating and set a $22.00 price objective on shares of Vascular Biogenics in a research report on Thursday, June 9th. Chardan Capital restated a “buy” rating on shares of Vascular Biogenics in a research report on Tuesday, June 7th. Piper Jaffray Cos. restated a “buy” rating and set a $14.00 price objective on shares of Vascular Biogenics in a research report on Tuesday, June 7th. HC Wainwright initiated coverage on shares of Vascular Biogenics in a research report on Tuesday, June 28th. They set a “buy” rating and a $11.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of Vascular Biogenics from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a research report on Thursday, August 18th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $13.67.

The stock’s market capitalization is $96.06 million. The company’s 50 day moving average price is $4.09 and its 200-day moving average price is $3.74.

Vascular Biogenics (NASDAQ:VBLT) last issued its quarterly earnings data on Monday, August 15th. The biopharmaceutical company reported ($0.14) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.09. On average, equities research analysts predict that Vascular Biogenics Ltd. will post ($0.64) EPS 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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