Synthetic Biologics Inc (SYN) Stock Rating Lowered by ValuEngine
ValuEngine downgraded shares of Synthetic Biologics Inc (NYSEMKT:SYN) from a sell rating to a strong sell rating in a research report released on Friday morning.
Several other brokerages also recently weighed in on SYN. Zacks Investment Research upgraded shares of Synthetic Biologics from a hold rating to a buy rating and set a $0.75 target price for the company in a research note on Wednesday, August 9th. William Blair reiterated an outperform rating and set a $5.00 target price on shares of Synthetic Biologics in a research note on Monday, May 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Synthetic Biologics presently has an average rating of Hold and an average price target of $3.92.
Synthetic Biologics (NYSEMKT SYN) opened at 0.75 on Friday. The firm’s 50 day moving average price is $0.58 and its 200-day moving average price is $0.61. The stock’s market cap is $96.19 million. Synthetic Biologics has a 1-year low of $0.41 and a 1-year high of $1.90.
Synthetic Biologics (NYSEMKT:SYN) last announced its earnings results on Thursday, August 3rd. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.03. On average, equities analysts anticipate that Synthetic Biologics will post ($0.17) earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of SYN. Norges Bank purchased a new position in Synthetic Biologics during the fourth quarter worth about $356,000. Bank of New York Mellon Corp raised its holdings in Synthetic Biologics by 3.1% during the first quarter. Bank of New York Mellon Corp now owns 263,598 shares of the company’s stock worth $166,000 after purchasing an additional 7,962 shares in the last quarter. UBS Group AG raised its holdings in Synthetic Biologics by 10.3% during the first quarter. UBS Group AG now owns 214,357 shares of the company’s stock worth $135,000 after purchasing an additional 20,038 shares in the last quarter. Creative Planning raised its holdings in Synthetic Biologics by 65.4% during the second quarter. Creative Planning now owns 177,000 shares of the company’s stock worth $100,000 after purchasing an additional 70,000 shares in the last quarter. Finally, LMR Partners LLP purchased a new position in Synthetic Biologics during the second quarter worth about $194,000.
About Synthetic Biologics
Synthetic Biologics, Inc is a clinical-stage company. The Company is engaged in developing therapeutics to protect the gut microbiome while targeting pathogen-specific diseases. The Company’s lead product candidates in Phase II development are SYN-010, which is intended to reduce the impact of methane-producing organisms in the gut microbiome to treat an underlying cause of irritable bowel syndrome with constipation (IBS-C), and SYN-004, which is designed to protect the gut microbiome (gastrointestinal (GI) microflora) from the effects of certain commonly used intravenous (IV) antibiotics for the prevention of C.
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