HC Wainwright set a $3.00 price target on Arch Therapeutics (OTCMKTS:ARTH) in a research note published on Thursday, March 15th. The brokerage currently has a buy rating on the biotechnology company’s stock.
Several other brokerages also recently issued reports on ARTH. Zacks Investment Research raised shares of Arch Therapeutics from a sell rating to a buy rating and set a $0.50 price objective for the company in a research report on Tuesday, February 20th. Ifs Securities downgraded shares of Arch Therapeutics from a strong-buy rating to an outperform rating in a research report on Wednesday, March 14th. Finally, ValuEngine downgraded shares of Arch Therapeutics from a hold rating to a sell rating in a research report on Friday, November 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Arch Therapeutics has an average rating of Hold and a consensus price target of $2.17.
OTCMKTS:ARTH traded up $0.01 during trading hours on Thursday, hitting $0.28. The stock had a trading volume of 172,850 shares, compared to its average volume of 212,942. Arch Therapeutics has a 1-year low of $0.25 and a 1-year high of $0.89.
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About Arch Therapeutics
Arch Therapeutics, Inc is a development-stage company. The Company operates as a biotechnology company. The Company focuses on developing products to stop bleeding (hemostasis) and control leaking (sealant) during surgery and trauma care. The Company’s technology is based on a self-assembling peptide that creates a physical, mechanical barrier, which could be applied to seal organs or wounds that are leaking blood and other fluids.
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