Synthetic Biologics (SYN) Downgraded by Zacks Investment Research

Synthetic Biologics (NYSEAMERICAN:SYN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “Synthetic Biologics, Inc. is a biotechnology company focused on the development of synthetic DNA-based therapeutics and innovative disease-modifying medicines for serious illnesses. The Company is engaged in developing product candidates to treat pulmonary arterial hypertension, relapses in multiple sclerosis, cognitive dysfunction in multiple sclerosis, fibromyalgia and amyotrophic lateral sclerosis. Synthetic Biologics, Inc., formerly known as Adeona Pharmaceuticals, Inc., is headquartered in Ann Arbor, Michigan. “

Separately, BidaskClub lowered shares of Synthetic Biologics from a “hold” rating to a “sell” rating in a research report on Saturday, November 4th. Three research analysts have rated the stock with a sell rating and two have issued a buy rating to the company. Synthetic Biologics currently has a consensus rating of “Hold” and a consensus target price of $3.92.

Shares of Synthetic Biologics (NYSEAMERICAN:SYN) traded up $0.01 on Thursday, reaching $0.53. 753,600 shares of the company were exchanged, compared to its average volume of 790,529. The company has a market cap of $68.10, a price-to-earnings ratio of -2.41 and a beta of 1.13. Synthetic Biologics has a 12-month low of $0.41 and a 12-month high of $1.05.

Synthetic Biologics (NYSEAMERICAN:SYN) last announced its earnings results on Wednesday, November 1st. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.10).

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About Synthetic Biologics

Synthetic Biologics, Inc is a clinical-stage company. The Company is engaged in developing therapeutics to protect the gut microbiome while targeting pathogen-specific diseases. The Company’s lead product candidates in Phase II development are SYN-010, which is intended to reduce the impact of methane-producing organisms in the gut microbiome to treat an underlying cause of irritable bowel syndrome with constipation (IBS-C), and SYN-004, which is designed to protect the gut microbiome (gastrointestinal (GI) microflora) from the effects of certain commonly used intravenous (IV) antibiotics for the prevention of C.

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