Arch Therapeutics (OTCMKTS:ARTH) was downgraded by analysts at Ifs Securities from a “strong-buy” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, March 14th.
A number of other research firms also recently issued reports on ARTH. Zacks Investment Research raised Arch Therapeutics from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. HC Wainwright set a $3.00 price target on Arch Therapeutics and gave the company a “buy” rating in a research report on Tuesday, December 19th. Finally, ValuEngine cut 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 given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $2.17.
Arch Therapeutics stock traded up $0.01 during mid-day trading on Wednesday, reaching $0.28. 172,850 shares of the company’s stock were exchanged, compared to its average volume of 212,942. Arch Therapeutics has a one year low of $0.25 and a one 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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