Sophiris Bio (SPHS) Trading Up 8.5%
Sophiris Bio Inc (NASDAQ:SPHS) was up 8.5% during trading on Tuesday . The stock traded as high as $2.15 and last traded at $2.05. Approximately 1,004,200 shares were traded during mid-day trading, an increase of 258% from the average daily volume of 280,653 shares. The stock had previously closed at $1.89.
Several equities research analysts recently commented on SPHS shares. HC Wainwright reiterated a “buy” rating and issued a $6.00 price objective on shares of Sophiris Bio in a research report on Friday, September 15th. Maxim Group set a $6.00 price objective on shares of Sophiris Bio and gave the stock a “buy” rating in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Sophiris Bio currently has a consensus rating of “Buy” and a consensus target price of $6.25.
The company has a debt-to-equity ratio of 0.60, a current ratio of 13.37 and a quick ratio of 13.37.
A hedge fund recently bought a new stake in Sophiris Bio stock. Mesirow Financial Investment Management Inc. bought a new stake in Sophiris Bio Inc (NASDAQ:SPHS) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 54,510 shares of the biopharmaceutical company’s stock, valued at approximately $120,000. Mesirow Financial Investment Management Inc. owned approximately 0.18% of Sophiris Bio at the end of the most recent quarter. 5.56% of the stock is owned by institutional investors.
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About Sophiris Bio
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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