Eyegate Pharmaceuticals (EYEG) Stock Rating Reaffirmed by HC Wainwright

HC Wainwright reissued their buy rating on shares of Eyegate Pharmaceuticals (NASDAQ:EYEG) in a report released on Tuesday, February 6th, MarketBeat Ratings reports. The brokerage currently has a $3.00 price objective on the specialty pharmaceutical company’s stock, down from their prior price objective of $5.00.

Separately, ValuEngine upgraded shares of Eyegate Pharmaceuticals from a strong sell rating to a sell rating in a research report on Friday, February 2nd.

Shares of Eyegate Pharmaceuticals (EYEG) opened at $0.69 on Tuesday. Eyegate Pharmaceuticals has a fifty-two week low of $0.50 and a fifty-two week high of $3.90. The company has a market cap of $11.61, a PE ratio of -0.58 and a beta of 2.91. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.01.

Eyegate Pharmaceuticals (NASDAQ:EYEG) last announced its quarterly earnings results on Tuesday, November 14th. The specialty pharmaceutical company reported ($0.24) earnings per share (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%. equities research analysts anticipate that Eyegate Pharmaceuticals will post -1.01 EPS for the current year.

An institutional investor recently bought a new position in Eyegate Pharmaceuticals stock. Sabby Management LLC purchased a new stake in shares of Eyegate Pharmaceuticals Inc (NASDAQ:EYEG) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 345,524 shares of the specialty pharmaceutical company’s stock, valued at approximately $473,000. Sabby Management LLC owned about 2.01% of Eyegate Pharmaceuticals at the end of the most recent reporting period. 11.94% of the stock is currently owned by hedge funds and other institutional investors.

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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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