Arca Biopharma (NASDAQ:ABIO) was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report issued on Friday.

Shares of Arca Biopharma (NASDAQ ABIO) opened at $1.75 on Friday. Arca Biopharma has a 52 week low of $1.05 and a 52 week high of $2.80. The company has a market capitalization of $20.93, a price-to-earnings ratio of -0.91 and a beta of 1.90.

Arca Biopharma (NASDAQ:ABIO) last announced its quarterly earnings results on Thursday, November 9th. The biopharmaceutical company reported ($0.39) EPS for the quarter.

An institutional investor recently raised its position in Arca Biopharma stock. Royce & Associates LP increased its holdings in Arca Biopharma Inc (NASDAQ:ABIO) by 30.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 234,847 shares of the biopharmaceutical company’s stock after acquiring an additional 55,000 shares during the quarter. Royce & Associates LP owned about 2.00% of Arca Biopharma worth $258,000 as of its most recent filing with the Securities & Exchange Commission. 46.60% of the stock is currently owned by hedge funds and other institutional investors.

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Arca Biopharma Company Profile

ARCA biopharma, Inc (ARCA) is a biopharmaceutical company. The Company is principally focused on developing genetically-targeted therapies for cardiovascular diseases. The Company’s lead product candidate is Gencaro (bucindolol hydrochloride), a beta-blocker and mild vasodilator that the Company is evaluating in a clinical trial for the treatment of atrial fibrillation (AF) in patients with heart failure with reduced left ventricular ejection fraction (HFREF).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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