Zacks Investment Research Upgrades Lorus Therapeutics (APTO) to “Buy”

Zacks Investment Research upgraded shares of Lorus Therapeutics (NASDAQ:APTO) (TSE:APS) from a hold rating to a buy rating in a research report report published on Friday morning. Zacks Investment Research currently has $3.50 target price on the biotechnology company’s stock.

According to Zacks, “Aptose Biosciences Inc. is a clinical-stage biotechnology company. The company is advancing therapeutics to treat life-threatening cancers, such as acute myeloid leukemia, high-risk myelodysplastic syndromes and other hematologic malignancies. Its lead program APTO-253 has completed a Phase 1 study in patients with solid tumors. Aptose Biosciences Inc., formerly known as Lorus Therapeutics Inc., is headquartered in Toronto, Canada. “

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Other equities research analysts have also recently issued reports about the company. HC Wainwright restated a buy rating and set a $6.00 target price (up from $4.00) on shares of Lorus Therapeutics in a research report on Wednesday, December 13th. ValuEngine upgraded Lorus Therapeutics from a strong sell rating to a sell rating in a research report on Tuesday, March 13th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $5.38.

Shares of NASDAQ:APTO traded down $0.01 during trading on Friday, reaching $3.05. 117,295 shares of the company’s stock traded hands, compared to its average volume of 384,087. Lorus Therapeutics has a fifty-two week low of $0.78 and a fifty-two week high of $3.97. The stock has a market capitalization of $93.95, a PE ratio of -5.87 and a beta of 2.32.

A hedge fund recently raised its stake in Lorus Therapeutics stock. Acadian Asset Management LLC increased its holdings in shares of Lorus Therapeutics, Inc. (NASDAQ:APTO) (TSE:APS) by 316.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 44,421 shares of the biotechnology company’s stock after acquiring an additional 33,766 shares during the period. Acadian Asset Management LLC owned approximately 0.17% of Lorus Therapeutics worth $100,000 as of its most recent SEC filing. Institutional investors own 1.23% of the company’s stock.

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About Lorus Therapeutics

Aptose Biosciences Inc, a clinical-stage biotechnology company, discovers and develops personalized therapies addressing unmet medical needs in oncology in Canada. Its lead clinical program is APTO-253, which is a Phase I clinical trial for the treatment of patients with relapsed or refractory hematologic malignancies.

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