HC Wainwright Reiterates “Buy” Rating for BELLUS Health (TSE:BLU)

HC Wainwright reiterated their buy rating on shares of BELLUS Health (TSE:BLU) in a research note issued to investors on Friday, Zacks.com reports.

Shares of BLU stock opened at C$13.61 on Friday. The firm has a 50-day moving average price of C$14.34 and a 200 day moving average price of C$12.42. BELLUS Health has a twelve month low of C$7.37 and a twelve month high of C$16.68. The company has a market capitalization of $855.52 million and a price-to-earnings ratio of -22.24. The company has a current ratio of 15.47, a quick ratio of 15.01 and a debt-to-equity ratio of 0.12.

BELLUS Health (TSE:BLU) last announced its earnings results on Thursday, May 14th. The company reported C($0.24) earnings per share for the quarter, beating the consensus estimate of C($0.25) by C$0.01. The firm had revenue of C$0.01 million during the quarter, compared to analyst estimates of C$0.01 million.

In other BELLUS Health news, insider Orbimed Advisors LLC sold 36,400 shares of BELLUS Health stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of C$14.08, for a total value of C$512,657.60. Following the completion of the sale, the insider now owns 1,182,416 shares in the company, valued at approximately C$16,653,146.94.

About BELLUS Health

BELLUS Health Inc, a clinical-stage biopharmaceutical company, develops novel therapeutics for conditions with high unmet medical need. Its lead drug candidate includes BLU-5937, a small molecule antagonist of the P2X3 receptor for chronic cough. The company also has economic interests in various partnered development stage programs, including KIACTA for the treatment of sarcoidosis; AMO-01 for treatment of Phelan McDermid syndrome; and ALZ-801 for APOE4 homozygous Alzheimer's disease.

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