Sierra Oncology (SRRA) Trading Down 9.4%

Shares of Sierra Oncology Inc (NASDAQ:SRRA) were down 9.4% on Monday . The company traded as low as $3.20 and last traded at $3.26. Approximately 1,168,474 shares were traded during mid-day trading, an increase of 97% from the average daily volume of 594,347 shares. The stock had previously closed at $3.60.

A number of analysts recently weighed in on SRRA shares. Zacks Investment Research lowered shares of Sierra Oncology from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Jefferies Group raised shares of Sierra Oncology from a “hold” rating to a “buy” rating in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $4.00.

The firm has a market capitalization of $169.44 and a P/E ratio of -3.41.

Sierra Oncology (NASDAQ:SRRA) last released its quarterly earnings data on Wednesday, November 8th. The biotechnology company reported ($0.19) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.22) by $0.03. equities research analysts predict that Sierra Oncology Inc will post -0.85 EPS for the current fiscal year.

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About Sierra Oncology

Sierra Oncology, Inc, formerly ProNAi Therapeutics, Inc, is a clinical-stage drug development company. The Company’s lead drug candidate, SRA737, is orally bioavailable small molecule inhibitor of Checkpoint kinase 1 (Chk1), a key cell cycle checkpoint and central regulator of the deoxyribonucleic acid (DNA) Damage Response (DDR) network.

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