Novelion Therapeutics (NVLN) Receiving Somewhat Favorable Press Coverage, Report Shows
Media headlines about Novelion Therapeutics (NASDAQ:NVLN) (TSE:QLT) have been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Novelion Therapeutics earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave media stories about the biotechnology company an impact score of 45.6172572827673 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
A number of equities research analysts recently weighed in on NVLN shares. Zacks Investment Research downgraded Novelion Therapeutics from a “hold” rating to a “sell” rating in a research report on Friday, November 17th. Royal Bank of Canada decreased their price target on Novelion Therapeutics from $9.00 to $8.00 and set a “sector perform” rating for the company in a research note on Friday, November 10th.
Novelion Therapeutics (NASDAQ NVLN) traded down $0.08 during trading on Friday, reaching $3.87. The company’s stock had a trading volume of 18,500 shares, compared to its average volume of 51,225. The company has a debt-to-equity ratio of 6.53, a quick ratio of 1.28 and a current ratio of 1.45. Novelion Therapeutics has a 52 week low of $3.08 and a 52 week high of $12.12. The stock has a market capitalization of $73.68, a PE ratio of -0.55 and a beta of 0.57.
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About Novelion Therapeutics
Novelion Therapeutics Inc, formerly QLT Inc, is a Canada-based biopharmaceutical company. The Company is engaged in development of new standards of care for individuals living with rare diseases. The Company is focused on advancing its portfolio of rare disease therapies by investing in science and clinical development.
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