MOTIF BIO PLC/S (NASDAQ:MTFB) Upgraded to Buy at ValuEngine

ValuEngine upgraded shares of MOTIF BIO PLC/S (NASDAQ:MTFB) from a hold rating to a buy rating in a research report sent to investors on Thursday morning, ValuEngine reports.

Several other brokerages have also recently weighed in on MTFB. Northland Securities set a $5.00 target price on MOTIF BIO PLC/S and gave the company a buy rating in a research note on Monday, July 15th. Zacks Investment Research raised MOTIF BIO PLC/S from a sell rating to a hold rating in a research note on Tuesday.

MTFB stock traded down $0.01 during trading hours on Thursday, hitting $0.59. 22,166 shares of the stock traded hands, compared to its average volume of 73,975. The firm has a 50-day moving average of $0.69. MOTIF BIO PLC/S has a one year low of $0.58 and a one year high of $11.50.

An institutional investor recently bought a new position in MOTIF BIO PLC/S stock. Jane Street Group LLC purchased a new stake in MOTIF BIO PLC/S (NASDAQ:MTFB) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 13,954 shares of the company’s stock, valued at approximately $92,000. Jane Street Group LLC owned 0.09% of MOTIF BIO PLC/S as of its most recent SEC filing. 7.58% of the stock is currently owned by institutional investors.

MOTIF BIO PLC/S Company Profile

Motif Bio plc, a clinical stage biopharmaceutical company, develops and commercializes pharmaceutical formulations in the United States. The company develops novel antibiotics for the treatment of serious and life-threatening infections caused by multi-drug resistant bacteria. Its lead product candidate is iclaprim, a novel antibiotic that is in Phase III clinical trials to treat bacterial infections, such as acute bacterial skin and skin structure infections, and hospital-acquired bacterial pneumonia caused by methicillin-resistant staphylococcus aureus, as well as to treat lung infections caused by Staphylococcus aureus in patients with cystic fibrosis.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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