StockNews.com Initiates Coverage on Athersys (NASDAQ:ATHX)

StockNews.com began coverage on shares of Athersys (NASDAQ:ATHX – Get Rating) in a report released on Wednesday. The firm set a “sell” rating on the biopharmaceutical company’s stock.

Separately, Bank of America cut shares of Athersys from a “buy” rating to an “underperform” rating and reduced their price target for the company from $1.00 to $0.25 in a report on Monday, May 23rd.

Athersys Stock Up 3.4 %

Athersys stock opened at $0.26 on Wednesday. The stock has a market capitalization of $68.25 million, a PE ratio of -0.74 and a beta of -1.26. Athersys has a twelve month low of $0.17 and a twelve month high of $1.81. The company has a 50 day moving average of $0.26 and a 200-day moving average of $0.55.

Athersys (NASDAQ:ATHX – Get Rating) last released its quarterly earnings results on Friday, May 6th. The biopharmaceutical company reported ($0.09) earnings per share for the quarter. The firm had revenue of $2.91 million for the quarter. Equities analysts anticipate that Athersys will post -0.27 EPS for the current fiscal year.

Institutional Trading of Athersys

Institutional investors have recently made changes to their positions in the business. GSA Capital Partners LLP lifted its position in shares of Athersys by 109.8% in the fourth quarter. GSA Capital Partners LLP now owns 557,964 shares of the biopharmaceutical company’s stock worth $504,000 after purchasing an additional 292,070 shares in the last quarter. Values First Advisors Inc. lifted its position in shares of Athersys by 32.1% in the first quarter. Values First Advisors Inc. now owns 347,876 shares of the biopharmaceutical company’s stock worth $211,000 after purchasing an additional 84,471 shares in the last quarter. Perkins Capital Management Inc. lifted its position in shares of Athersys by 151.1% in the fourth quarter. Perkins Capital Management Inc. now owns 59,000 shares of the biopharmaceutical company’s stock worth $53,000 after purchasing an additional 35,500 shares in the last quarter. Green Alpha Advisors LLC lifted its position in shares of Athersys by 232.6% in the second quarter. Green Alpha Advisors LLC now owns 733,487 shares of the biopharmaceutical company’s stock worth $191,000 after purchasing an additional 512,984 shares in the last quarter. Finally, Tobias Financial Advisors Inc. bought a new stake in shares of Athersys in the first quarter worth $36,000. Institutional investors own 22.39% of the company’s stock.

Athersys Company Profile

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Athersys, Inc, a biotechnology company, focuses on the research and development activities in the field of regenerative medicine. Its clinical development programs are focused on treating neurological conditions, cardiovascular diseases, inflammatory and immune disorders, and pulmonary and other conditions.