Roth Capital Downgrades OHR Pharmaceutical (OHRP) to Neutral

Roth Capital downgraded shares of OHR Pharmaceutical (NASDAQ:OHRP) from a buy rating to a neutral rating in a research report released on Friday, January 5th, MarketBeat reports. The firm currently has $7.00 target price on the biotechnology company’s stock.

Several other research analysts have also recently weighed in on the company. ValuEngine raised OHR Pharmaceutical from a strong sell rating to a sell rating in a research note on Friday, December 1st. Zacks Investment Research cut OHR Pharmaceutical from a buy rating to a hold rating in a research note on Thursday, October 26th.

Shares of OHR Pharmaceutical (NASDAQ OHRP) remained flat at $$0.33 on Friday. The company’s stock had a trading volume of 1,548,210 shares, compared to its average volume of 4,120,000. The stock has a market capitalization of $18.53, a P/E ratio of -0.56 and a beta of 0.48. OHR Pharmaceutical has a 12 month low of $0.31 and a 12 month high of $2.18.

OHR Pharmaceutical (NASDAQ:OHRP) last released its quarterly earnings results on Friday, December 15th. The biotechnology company reported ($0.08) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.08).

Hedge funds and other institutional investors have recently made changes to their positions in the company. Garrison Bradford & Associates Inc. lifted its holdings in shares of OHR Pharmaceutical by 482.4% during the third quarter. Garrison Bradford & Associates Inc. now owns 497,415 shares of the biotechnology company’s stock valued at $358,000 after purchasing an additional 412,000 shares during the last quarter. Wedbush Securities Inc. purchased a new stake in shares of OHR Pharmaceutical during the third quarter valued at $311,000. Finally, Vanguard Group Inc. lifted its stake in OHR Pharmaceutical by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 812,418 shares of the biotechnology company’s stock worth $520,000 after acquiring an additional 5,481 shares in the last quarter. 8.25% of the stock is owned by institutional investors and hedge funds.

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About OHR Pharmaceutical

OHR Pharmaceutical, Inc, a pharmaceutical company, focuses on the development of novel therapeutics and delivery technologies for the treatment of ocular disease. Its lead clinical program is topical Squalamine, a small molecule anti-angiogenic drug, which could provide a non-invasive therapy to enhance vision outcomes.

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