Shares of Arbutus Biopharma Corp (NASDAQ:ABUS) hit a new 52-week low during trading on Monday . The company traded as low as $2.19 and last traded at $2.20, with a volume of 6375 shares traded. The stock had previously closed at $2.35.
A number of brokerages recently commented on ABUS. Zacks Investment Research lowered Arbutus Biopharma from a “buy” rating to a “hold” rating in a research report on Friday. ValuEngine lowered Arbutus Biopharma from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Finally, BidaskClub upgraded Arbutus Biopharma from a “hold” rating to a “buy” rating in a research report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $6.25.
The company has a quick ratio of 11.50, a current ratio of 12.75 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $129.05 million, a P/E ratio of -2.16 and a beta of 1.61.
Several institutional investors have recently bought and sold shares of ABUS. Wells Fargo & Company MN grew its stake in Arbutus Biopharma by 46.9% during the 3rd quarter. Wells Fargo & Company MN now owns 68,063 shares of the biopharmaceutical company’s stock valued at $644,000 after acquiring an additional 21,737 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Arbutus Biopharma by 129.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 191,857 shares of the biopharmaceutical company’s stock valued at $1,813,000 after acquiring an additional 108,398 shares in the last quarter. BlackRock Inc. grew its stake in Arbutus Biopharma by 1.3% during the 3rd quarter. BlackRock Inc. now owns 2,422,221 shares of the biopharmaceutical company’s stock valued at $22,891,000 after acquiring an additional 31,078 shares in the last quarter. MetLife Investment Advisors LLC purchased a new stake in Arbutus Biopharma during the 3rd quarter valued at about $270,000. Finally, AQR Capital Management LLC grew its stake in Arbutus Biopharma by 142.3% during the 3rd quarter. AQR Capital Management LLC now owns 46,576 shares of the biopharmaceutical company’s stock valued at $440,000 after acquiring an additional 27,354 shares in the last quarter. Institutional investors own 42.59% of the company’s stock.
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Arbutus Biopharma Company Profile (NASDAQ:ABUS)
Arbutus Biopharma Corporation, a biopharmaceutical company, engages in the discovery, development, and commercialization of a cure for patients suffering from chronic Hepatitis B virus (HBV) infection in Canada and the United States. Its HBV product pipeline consists of AB-506, a capsid inhibitor that has shown improved potency and pharmacokinetics over its first generation capsid inhibitor; and AB-423, which is in pre-clinical studies.
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