Acasti Pharma (NASDAQ:ACST) Shares Down 5.5%
Acasti Pharma Inc (NASDAQ:ACST)’s stock price dropped 5.5% on Monday . The stock traded as low as $1.86 and last traded at $1.88, approximately 2,820,043 shares traded hands during trading. An increase of 150% from the average daily volume of 1,129,953 shares. The stock had previously closed at $1.99.
ACST has been the subject of several recent research reports. B. Riley initiated coverage on shares of Acasti Pharma in a report on Thursday, August 29th. They set a “buy” rating and a $7.75 target price for the company. HC Wainwright restated a “buy” rating on shares of Acasti Pharma in a report on Thursday, August 15th. Zacks Investment Research downgraded shares of Acasti Pharma from a “hold” rating to a “sell” rating in a report on Friday, November 15th. Finally, ValuEngine cut shares of Acasti Pharma from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $6.05.
The company has a market capitalization of $160.76 million, a price-to-earnings ratio of -2.65 and a beta of 1.44. The company’s 50 day simple moving average is $2.00 and its 200-day simple moving average is $1.72.
About Acasti Pharma (NASDAQ:ACST)
Acasti Pharma Inc, a biopharmaceutical company, focuses on the research, development, and commercialization of prescription drugs for the treatment of cardiovascular diseases. Its lead product candidate is CaPre, an omega-3 phospholipid therapeutic that is in Phase III clinical trial to treat patients with hypertriglyceridemia.
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