pSivida Corp. (PSDV) Stock Price Down 1.6%
pSivida Corp. (NASDAQ:PSDV)’s share price fell 1.6% during trading on Friday . The stock traded as low as $3.67 and last traded at $3.71, with a volume of 54,868 shares. The stock had previously closed at $3.77.
Separately, FBR & Co restated a “buy” rating on shares of pSivida Corp. in a research report on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $7.00.
The company’s market capitalization is $126.44 million. The stock’s 50-day moving average price is $3.83 and its 200 day moving average price is $3.20.
pSivida Corp. is a biotechnology company, which is engaged in the development of sustained-release drug-delivery products for treating eye diseases. The Company offers products for treatment of back-of-the-eye diseases. The Company’s lead development product, Medidur is used for posterior of the eye (posterior uveitis).
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