Oncolytics Biotech, Inc. (NASDAQ:ONCY)’s stock price rose 14.3% on Monday . The stock traded as high as $1.28 and last traded at $1.28, approximately 1,755,878 shares traded hands during trading. An increase of 671% from the average daily volume of 227,663 shares. The stock had previously closed at $1.12.
ONCY has been the topic of several recent research reports. Zacks Investment Research upgraded Oncolytics Biotech from a “hold” rating to a “buy” rating and set a $0.75 price target on the stock in a report on Saturday, November 16th. Roth Capital initiated coverage on Oncolytics Biotech in a report on Wednesday, September 4th. They set a “buy” rating and a $7.00 price target on the stock. Finally, ValuEngine lowered Oncolytics Biotech from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th.
The company has a fifty day moving average of $0.85 and a two-hundred day moving average of $1.14. The company has a market cap of $28.01 million, a PE ratio of -1.56 and a beta of 2.14. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.78 and a current ratio of 3.78.
Oncolytics Biotech Company Profile (NASDAQ:ONCY)
Oncolytics Biotech Inc, a development stage biopharmaceutical company, focuses on the discovery and development of pharmaceutical products for the treatment of cancer. The company is developing REOLYSIN, an immuno-oncology viral-agent that comprises three programs: chemotherapy combinations to trigger selective tumor lysis; immune modulator combinations to facilitate innate immune responses; and immuno-therapy combinations to produce adaptive immune responses.
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