Heat Biologics (HTBX) Stock Price Down 11.9%
Heat Biologics Inc (NASDAQ:HTBX)’s share price dropped 11.9% during mid-day trading on Thursday . The company traded as low as $0.72 and last traded at $0.74. Approximately 1,107,625 shares changed hands during mid-day trading, an increase of 118% from the average daily volume of 507,289 shares. The stock had previously closed at $0.84.
HTBX has been the topic of a number of recent research reports. ValuEngine cut Heat Biologics from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Alliance Global Partners set a $6.00 target price on Heat Biologics and gave the stock a “buy” rating in a report on Friday, May 17th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $7.67.
The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.70 and a current ratio of 5.70.
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About Heat Biologics (NASDAQ:HTBX)
Heat Biologics, Inc, a biopharmaceutical company, focuses on developing approaches to activate and co-stimulate a patient's immune system against cancer in the United States. The company's T-cell activating platform (TCAP) produces therapies designed to turn immunologically cold tumors hot and be administered in combination with checkpoint inhibitors and other immuno-modulators to enhance clinical effectiveness.
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