MEI Pharma Inc (NASDAQ:MEIP)’s stock price was up 14.3% during trading on Monday . The company traded as high as $1.84 and last traded at $1.76, approximately 483,794 shares traded hands during mid-day trading. An increase of 62% from the average daily volume of 298,793 shares. The stock had previously closed at $1.54.
A number of equities analysts have recently commented on MEIP shares. HC Wainwright reissued a “buy” rating and issued a $10.00 price target on shares of MEI Pharma in a report on Monday, June 24th. ValuEngine lowered shares of MEI Pharma from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. Finally, Zacks Investment Research lowered shares of MEI Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $7.08.
The company has a market cap of $121.19 million, a PE ratio of -2.28 and a beta of 1.73. The stock’s 50 day moving average price is $1.83 and its 200-day moving average price is $2.66.
About MEI Pharma (NASDAQ:MEIP)
MEI Pharma, Inc, a pharmaceutical company, focuses on the clinical development of novel therapies for the treatment of cancer. The company's clinical drug candidate includes Pracinostat, an oral available histone deacetylase inhibitor for the treatment of patients with acute myeloid leukemia and myelodysplastic syndrome.
Featured Article: CD Ladder
Receive News & Ratings for MEI Pharma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MEI Pharma and related companies with MarketBeat.com's FREE daily email newsletter.