Zacks Investment Research upgraded shares of OncoCyte (NYSEAMERICAN:OCX) from a hold rating to a buy rating in a report published on Saturday morning. They currently have $4.75 price objective on the biotechnology company’s stock.
According to Zacks, “OncoCyte Corporation is primarily focused on the development of novel, non-invasive blood and urine diagnostic tests for detection of cancer. OncoCyte Corporation is based in Alameda, California. “
Separately, ValuEngine downgraded OncoCyte from a hold rating to a sell rating in a research note on Thursday, October 5th.
OncoCyte (NYSEAMERICAN:OCX) traded up $0.05 during trading on Friday, reaching $4.30. The company’s stock had a trading volume of 7,170 shares, compared to its average volume of 30,713. The stock has a market cap of $135.14 and a P/E ratio of -6.94. OncoCyte has a twelve month low of $3.60 and a twelve month high of $7.85.
An institutional investor recently raised its position in OncoCyte stock. Broadwood Capital Inc. lifted its stake in OncoCyte Co. (NYSEAMERICAN:OCX) by 17.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,596,680 shares of the biotechnology company’s stock after buying an additional 540,000 shares during the quarter. OncoCyte makes up 4.5% of Broadwood Capital Inc.’s holdings, making the stock its 5th largest position. Broadwood Capital Inc. owned about 11.48% of OncoCyte worth $27,155,000 as of its most recent filing with the Securities & Exchange Commission.
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OncoCyte Company Profile
OncoCyte Corporation is a development-stage biotechnology company focused in the field of regenerative medicine. The Company is developing molecular cancer diagnostics utilizing a discovery platform that focuses on identifying genetic markers expressed in various types of cancer. It operates through the research and development of diagnostic tests for the detection of cancer segment.
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