Bio-Path’s (BPTH) Buy Rating Reiterated at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Bio-Path (NASDAQ:BPTH) in a research report released on Monday morning, Stock Target Advisor reports. HC Wainwright currently has a $28.00 price objective on the stock.

Separately, ValuEngine cut Bio-Path from a hold rating to a sell rating in a research note on Friday, October 25th.

NASDAQ BPTH traded down $0.09 on Monday, hitting $9.88. The company’s stock had a trading volume of 497 shares, compared to its average volume of 65,245. Bio-Path has a 52-week low of $1.61 and a 52-week high of $73.52. The company has a current ratio of 13.85, a quick ratio of 13.85 and a debt-to-equity ratio of 0.02. The company’s 50-day simple moving average is $10.66 and its 200 day simple moving average is $12.65. The firm has a market cap of $30.75 million, a P/E ratio of -0.69 and a beta of 3.14.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley lifted its stake in shares of Bio-Path by 19,858.0% in the 2nd quarter. Morgan Stanley now owns 19,958 shares of the company’s stock valued at $267,000 after purchasing an additional 19,858 shares during the period. Vanguard Group Inc. raised its stake in Bio-Path by 10.3% during the second quarter. Vanguard Group Inc. now owns 27,925 shares of the company’s stock valued at $374,000 after buying an additional 2,601 shares during the last quarter. Finally, BlackRock Inc. raised its stake in Bio-Path by 17.5% during the second quarter. BlackRock Inc. now owns 46,879 shares of the company’s stock valued at $628,000 after buying an additional 6,978 shares during the last quarter. Institutional investors own 9.43% of the company’s stock.

About Bio-Path

Bio-Path Holdings, Inc operates as a clinical and preclinical stage oncology focused RNAi nano particle drug development company in the United States. The company develops products based on DNAbilize, a drug delivery and antisense technology that uses P-ethoxy, which is a deoxyribonucleic acid (DNA) backbone modification intended to protect the DNA from destruction.

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