Eyegate Pharmaceuticals (EYEG) Rating Increased to Sell at ValuEngine

Eyegate Pharmaceuticals (NASDAQ:EYEG) was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report released on Friday.

Separately, HC Wainwright reaffirmed a “buy” rating and set a $6.00 price target on shares of Eyegate Pharmaceuticals in a research report on Thursday, November 9th.

Eyegate Pharmaceuticals (EYEG) opened at $1.03 on Friday. Eyegate Pharmaceuticals has a 12 month low of $0.90 and a 12 month high of $3.90. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.01.

Eyegate Pharmaceuticals (NASDAQ:EYEG) last issued its quarterly earnings data on Tuesday, November 14th. The specialty pharmaceutical company reported ($0.24) EPS for the quarter, hitting analysts’ consensus estimates of ($0.24). Eyegate Pharmaceuticals had a negative net margin of 2,480.28% and a negative return on equity of 1,494.75%. analysts forecast that Eyegate Pharmaceuticals will post -1.01 EPS for the current fiscal year.

A hedge fund recently raised its stake in Eyegate Pharmaceuticals stock. Vanguard Group Inc. lifted its position in Eyegate Pharmaceuticals Inc (NASDAQ:EYEG) by 0.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 247,319 shares of the specialty pharmaceutical company’s stock after acquiring an additional 1,988 shares during the period. Vanguard Group Inc. owned 2.27% of Eyegate Pharmaceuticals worth $339,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 11.95% of the company’s stock.

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Eyegate Pharmaceuticals Company Profile

Eyegate Pharmaceuticals, Inc is a clinical-stage specialty pharmaceutical company. The Company is focused on developing and commercializing therapeutics and drug delivery systems for treating diseases of the eye. The Company’s lead product, EGP-437, incorporates a reformulated topically active corticosteroid, dexamethasone phosphate, which is delivered into the ocular tissues through its drug delivery system, the EyeGate II Delivery System.

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