Cyclacel (CYCC) Cut to Hold at Zacks Investment Research

Cyclacel (NASDAQ:CYCC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

According to Zacks, “CYCLACEL is a biopharmaceutical company dedicated to the discovery, development and commercialization of novel, mechanism-targeted drugs to treat human cancers and other serious disorders. Three orally-available Cyclacel drugs are in clinical development. Sapacitabine, a cell cycle modulating nucleoside analog, is in Phase 2 studies for the treatment of acute myeloid leukemia in the elderly, myelodysplastic syndromes and cutaneous T-cell lymphoma. Seliciclib (CYC202 or R-roscovitine), a CDK inhibitor, is in Phase 2 for the treatment of lung cancer and nasopharyngeal cancer. “

How to Become a New Pot Stock Millionaire

A number of other equities research analysts also recently weighed in on the company. ValuEngine raised Cyclacel from a “strong sell” rating to a “sell” rating in a report on Friday, February 2nd. HC Wainwright reaffirmed a “buy” rating on shares of Cyclacel in a report on Thursday, March 29th.

NASDAQ CYCC opened at $1.54 on Friday. The company has a market cap of $19.08, a price-to-earnings ratio of -0.44 and a beta of 3.63. Cyclacel has a 1-year low of $1.28 and a 1-year high of $7.27.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC acquired a new stake in Cyclacel during the fourth quarter valued at approximately $108,000. Two Sigma Investments LP acquired a new position in shares of Cyclacel in the 4th quarter worth approximately $122,000. Finally, Virtu Financial LLC boosted its holdings in shares of Cyclacel by 69.5% in the 4th quarter. Virtu Financial LLC now owns 199,464 shares of the biotechnology company’s stock worth $347,000 after acquiring an additional 81,820 shares in the last quarter. 6.58% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “Cyclacel (CYCC) Cut to Hold at Zacks Investment Research” was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another publication, it was illegally copied and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.dispatchtribunal.com/2018/04/08/cyclacel-cycc-cut-to-hold-at-zacks-investment-research.html.

About Cyclacel

Cyclacel Pharmaceuticals, Inc, a biopharmaceutical company, develops medicines for the treatment of cancer and other proliferative diseases. The company's oncology development programs include sapacitabine, a novel orally-available nucleoside analog that is in Phase III clinical trial for the front-line treatment of acute myeloid leukemia; and Phase II clinical trial for the treatment of myelodysplastic syndromes.

Get a free copy of the Zacks research report on Cyclacel (CYCC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Cyclacel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cyclacel and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply