Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Ophthotech (OPHT) Stock Price

News stories about Ophthotech (NASDAQ:OPHT) have trended somewhat positive recently, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ophthotech earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned media coverage about the biopharmaceutical company an impact score of 46.4595958582091 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

OPHT stock traded down $0.05 during midday trading on Friday, hitting $2.44. The stock had a trading volume of 43,692 shares, compared to its average volume of 138,246. The stock has a market capitalization of $90.13 million, a P/E ratio of 0.77 and a beta of 1.31. Ophthotech has a 12-month low of $2.25 and a 12-month high of $4.50.

Ophthotech (NASDAQ:OPHT) last released its earnings results on Wednesday, August 1st. The biopharmaceutical company reported ($0.37) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.39) by $0.02. equities analysts anticipate that Ophthotech will post -1.57 earnings per share for the current year.

OPHT has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Ophthotech from a “hold” rating to a “buy” rating and set a $3.00 price objective for the company in a research note on Monday, May 14th. Chardan Capital reissued a “hold” rating and set a $4.00 price objective on shares of Ophthotech in a research note on Wednesday, June 13th. Finally, ValuEngine cut shares of Ophthotech from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company currently has an average rating of “Hold” and an average target price of $3.67.

About Ophthotech

Ophthotech Corporation, a biopharmaceutical company, develops novel therapies to treat ophthalmic diseases, with a focus on age-related and orphan retinal diseases. The company is developing Zimura, an inhibitor of complement factor C5, for dry and wet forms of age-related macular degeneration, a disorder of the central portion of the retina known as the macula.

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