Invesco DWA Utilities Momentum ETF (PTE) Upgraded to “Hold” at Zacks Investment Research

Invesco DWA Utilities Momentum ETF (NYSE:PTE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

According to Zacks, “PolarityTE, Inc. creates regenerative medicine and provides tissue engineering platform. It develops and obtains regulatory approval for technology which utilizes a patient’s own tissue substrates for regeneration of skin, bone, muscle, cartilage and nerves. The product pipeline comprises SkinTE, OsteoTE, AngioTE, MyoTE, CarteTE, AdiposeTE and NeuralTE. PolarityTE, Inc., formerly known as Majesco Entertainment Company, is headquatered in Salt lake City, Utah. “

Separately, Cantor Fitzgerald reaffirmed a “buy” rating and set a $65.00 target price on shares of Invesco DWA Utilities Momentum ETF in a research note on Tuesday, September 25th.

Shares of PTE opened at $14.64 on Friday. Invesco DWA Utilities Momentum ETF has a 1-year low of $11.54 and a 1-year high of $41.22.

Invesco DWA Utilities Momentum ETF (NYSE:PTE) last announced its earnings results on Wednesday, September 12th. The company reported ($0.86) earnings per share for the quarter. The firm had revenue of $0.42 million for the quarter.

In related news, CFO Paul Elliot Mann bought 20,000 shares of the business’s stock in a transaction dated Tuesday, September 18th. The shares were purchased at an average price of $17.24 per share, with a total value of $344,800.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Invesco DWA Utilities Momentum ETF Company Profile

PolarityTE, Inc operates as commercial-stage biotechnology and regenerative biomaterials company in the United States. The company focuses on discovering, designing and developing a range of regenerative tissue products and biomaterials for the fields of medicine, biomedical engineering, and material sciences.

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