Zacks: Hoth Therapeutics Inc (NASDAQ:HOTH) Receives Average Rating of “Strong Buy” from Brokerages

Shares of Hoth Therapeutics Inc (NASDAQ:HOTH) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Zacks has also given Hoth Therapeutics an industry rank of 77 out of 256 based on the ratings given to its competitors.

Separately, Laidlaw started coverage on Hoth Therapeutics in a research report on Monday, May 20th. They issued a “buy” rating and a $10.00 target price for the company.

NASDAQ:HOTH traded down $1.27 during mid-day trading on Wednesday, reaching $6.83. The stock had a trading volume of 45,000 shares, compared to its average volume of 22,071. Hoth Therapeutics has a one year low of $4.41 and a one year high of $13.88.

About Hoth Therapeutics

Hoth Therapeutics, Inc, a development stage biopharmaceutical company, focuses on developing targeted therapeutics for atopic dermatitis. It intends to use the BioLexa Platform to develop 2 topical cream products that treat eczema and reduces post-procedure infections for patients undergoing aesthetic dermatology procedures.

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