Erytech Pharma (ERYP) Raised to “Hold” at Zacks Investment Research

Erytech Pharma (NASDAQ:ERYP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.

According to Zacks, “Erytech Pharma S.A. operates as a biopharmaceutical company. It discovers and developes therapies for rare forms of cancer and orphan diseases. The company’s product pipeline consists of eryaspase, erymethionase, eryminase, ERYZYME and ERYMMUNE which are in clinical stages. It operates primarily in France and the United States. Erytech Pharma S.A. is based in France. “

A number of other analysts also recently issued reports on the stock. Cowen reiterated a “buy” rating on shares of Erytech Pharma in a report on Monday, June 25th. ValuEngine upgraded shares of Erytech Pharma from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd.

Shares of NASDAQ ERYP traded down $0.01 during midday trading on Monday, reaching $10.38. The company’s stock had a trading volume of 100 shares, compared to its average volume of 1,563. The company has a current ratio of 16.52, a quick ratio of 16.50 and a debt-to-equity ratio of 0.01. Erytech Pharma has a fifty-two week low of $9.72 and a fifty-two week high of $30.56.

A hedge fund recently bought a new stake in Erytech Pharma stock. Millennium Management LLC bought a new stake in Erytech Pharma SA (NASDAQ:ERYP) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 43,567 shares of the company’s stock, valued at approximately $959,000. Millennium Management LLC owned approximately 0.25% of Erytech Pharma at the end of the most recent quarter. Institutional investors own 25.65% of the company’s stock.

About Erytech Pharma

ERYTECH Pharma SA, a biopharmaceutical company, develops therapies for severe forms of cancer and orphan diseases. It is developing a pipeline of product candidates targeting solid and liquid tumors for patients with high unmet medical needs. The company's lead product candidate is eryaspase, which is used for the treatment of severe solid tumors, including pancreatic cancer and in acute lymphoblastic leukemia.

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