OncoSec Medical Inc (NASDAQ:ONCS)’s share price hit a new 52-week low on Tuesday after HC Wainwright downgraded the stock from a buy rating to a neutral rating. The company traded as low as $0.68 and last traded at $0.84, with a volume of 361585 shares traded. The stock had previously closed at $1.74.

A number of other equities analysts have also weighed in on the stock. Piper Jaffray Companies cut their target price on shares of OncoSec Medical from $5.00 to $3.00 and set an “overweight” rating for the company in a research report on Tuesday. Dawson James reiterated a “buy” rating on shares of OncoSec Medical in a research report on Monday, July 16th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $4.00.

A number of large investors have recently modified their holdings of ONCS. Millennium Management LLC boosted its position in OncoSec Medical by 2,073.8% during the first quarter. Millennium Management LLC now owns 1,000,576 shares of the biotechnology company’s stock worth $1,881,000 after purchasing an additional 954,547 shares during the period. Nexthera Capital LP boosted its position in OncoSec Medical by 26.6% during the second quarter. Nexthera Capital LP now owns 2,614,297 shares of the biotechnology company’s stock worth $3,608,000 after purchasing an additional 550,000 shares during the period. 683 Capital Management LLC bought a new position in OncoSec Medical during the second quarter worth about $414,000. BlackRock Inc. boosted its position in OncoSec Medical by 1,303.5% during the second quarter. BlackRock Inc. now owns 238,940 shares of the biotechnology company’s stock worth $330,000 after purchasing an additional 221,916 shares during the period. Finally, DRW Securities LLC boosted its position in OncoSec Medical by 157.1% during the second quarter. DRW Securities LLC now owns 180,000 shares of the biotechnology company’s stock worth $248,000 after purchasing an additional 110,000 shares during the period. Hedge funds and other institutional investors own 23.13% of the company’s stock.

The stock has a market capitalization of $111.32 million, a price-to-earnings ratio of -0.81 and a beta of 2.28.

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About OncoSec Medical (NASDAQ:ONCS)

OncoSec Medical Incorporated, a biotechnology company, engages in developing DNA-based intratumoral immunotherapies in the United States. The company's investigational technology, ImmunoPulseis designed to enhance the local delivery and uptake of DNA-based immune-targeting agents, such as plasmid encoded IL-12 (tavokinogene telseplasmid or tavo) for the treatment of cancer.

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