ValuEngine upgraded shares of Oncobiologics (NASDAQ:ONS) from a hold rating to a buy rating in a report issued on Thursday morning.
ONS traded up $0.01 during midday trading on Thursday, reaching $0.90. The company had a trading volume of 400 shares, compared to its average volume of 9,019. Oncobiologics has a 1 year low of $0.77 and a 1 year high of $1.53.
Oncobiologics (NASDAQ:ONS) last issued its quarterly earnings results on Tuesday, August 14th. The company reported ($0.21) EPS for the quarter. The business had revenue of $0.77 million during the quarter.
Oncobiologics, Inc, a clinical-stage biopharmaceutical company, focuses on identifying, developing, manufacturing, and commercializing complex biosimilar therapeutics in immunology and oncology disease areas. Its advanced product candidate is ONS-3010, an adalimumab biosimilar that is in a Phase 1 clinical trial, which targets the tumor necrosis factor alpha.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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