Oncolytics Biotech, Inc. (NASDAQ:ONCY)’s share price traded down 8.8% on Thursday . The stock traded as low as $1.12 and last traded at $1.14, 683,112 shares changed hands during trading. An increase of 186% from the average session volume of 238,455 shares. The stock had previously closed at $1.25.
ONCY has been the subject of several research analyst reports. Roth Capital began coverage on Oncolytics Biotech in a research note on Wednesday, September 4th. They issued a “buy” rating and a $7.00 price objective for the company. ValuEngine downgraded Oncolytics Biotech from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. Finally, Zacks Investment Research upgraded Oncolytics Biotech from a “hold” rating to a “buy” rating and set a $0.75 target price on the stock in a research report on Saturday, November 16th.
The firm has a market capitalization of $30.76 million, a PE ratio of -1.39 and a beta of 2.14. The firm’s fifty day moving average price is $0.94 and its 200 day moving average price is $1.12. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.07.
About Oncolytics Biotech (NASDAQ:ONCY)
Oncolytics Biotech Inc, a development stage biopharmaceutical company, focuses on the discovery and development of pharmaceutical products for the treatment of cancer. The company is developing REOLYSIN, an immuno-oncology viral-agent that comprises three programs: chemotherapy combinations to trigger selective tumor lysis; immune modulator combinations to facilitate innate immune responses; and immuno-therapy combinations to produce adaptive immune responses.
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