Auris Medical (EARS) Sees Strong Trading Volume
Auris Medical Holding AG (NASDAQ:EARS) saw an uptick in trading volume on Wednesday . 13,574 shares were traded during trading, a decline of 100% from the previous session’s volume of 3,200,224 shares.The stock last traded at $0.62 and had previously closed at $0.69.
Several research firms have recently commented on EARS. ValuEngine raised shares of Auris Medical from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Eurobank EFG began coverage on shares of Auris Medical in a research report on Monday, October 8th. They set a “buy” rating and a $2.50 price target for the company.
The stock has a market cap of $3.08 million, a P/E ratio of -0.11 and a beta of -1.09.
An institutional investor recently bought a new position in Auris Medical stock. Bellevue Group AG bought a new position in Auris Medical Holding AG (NASDAQ:EARS) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 193,125 shares of the biotechnology company’s stock, valued at approximately $151,000. Bellevue Group AG owned approximately 3.16% of Auris Medical at the end of the most recent quarter. Hedge funds and other institutional investors own 20.18% of the company’s stock.
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Auris Medical Company Profile (NASDAQ:EARS)
Auris Medical Holding AG, a clinical-stage biopharmaceutical company, focuses on the development of novel products for the treatment of inner ear disorders. Its product candidates include AM-101, which is in phase III clinical development for the treatment of acute inner ear tinnitus; and AM-111 that is in phase III clinical development for the treatment of acute inner ear hearing loss.
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