Kitov Pharmaceuticals Holdings Ltd (NASDAQ:KTOV)’s share price shot up 5.8% during trading on Wednesday . The company traded as high as $2.94 and last traded at $2.93, with a volume of 103,333 shares. The stock had previously closed at $2.77.

Several brokerages recently issued reports on KTOV. Rodman & Renshaw restated a “buy” rating on shares of Kitov Pharmaceuticals Holdings in a research note on Saturday, May 14th. Zacks Investment Research upgraded Kitov Pharmaceuticals Holdings from a “hold” rating to a “buy” rating and set a $6.25 price target on the stock in a research note on Wednesday, April 27th.

The stock’s market cap is $11.75 million. The stock’s 50-day moving average is $3.45 and its 200 day moving average is $3.94.

Kitov Pharmaceuticals Holdings Ltd is an Israel-based company that develops non-steroidal anti-inflammatory drugs that treat pain without raising blood pressure, thus avoiding the increased risk of heart attacks, strokes or death.

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