Aridis Pharmaceuticals (ARDS) Hits New 52-Week Low at $7.59

Aridis Pharmaceuticals Inc (NASDAQ:ARDS)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $7.59 and last traded at $8.54, with a volume of 10634 shares. The stock had previously closed at $8.50.

Several research firms recently issued reports on ARDS. Maxim Group began coverage on Aridis Pharmaceuticals in a research note on Tuesday, October 2nd. They set a “buy” rating on the stock. Northcoast Research began coverage on Aridis Pharmaceuticals in a research note on Monday, September 10th. They set an “outperform” rating and a $40.00 target price on the stock. Zacks Investment Research raised Aridis Pharmaceuticals from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Tuesday, November 13th. Cantor Fitzgerald reissued a “buy” rating and set a $25.00 target price on shares of Aridis Pharmaceuticals in a research note on Tuesday, November 13th. Finally, Northland Securities began coverage on Aridis Pharmaceuticals in a research note on Monday, September 10th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Aridis Pharmaceuticals currently has an average rating of “Buy” and an average target price of $25.40.

Aridis Pharmaceuticals (NASDAQ:ARDS) last issued its quarterly earnings results on Tuesday, November 13th. The company reported ($1.97) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.05) by ($0.92). The business had revenue of $1.02 million during the quarter, compared to the consensus estimate of $0.33 million. On average, analysts expect that Aridis Pharmaceuticals Inc will post -3.05 EPS for the current fiscal year.

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About Aridis Pharmaceuticals (NASDAQ:ARDS)

Aridis Pharmaceuticals, Inc engages in the discovery and development of targeted immunotherapy using fully human monoclonal antibodies, or mAbs, to treat life-threatening infections. Its products include AR-301, AR-105, AR-101, AR-401, AR-201, and AR-501. The company was founded by Eric J. Patzer and Vu L.

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