Zacks: Oncolytics Biotech, Inc. (NASDAQ:ONCY) Given Consensus Recommendation of “Buy” by Analysts

Oncolytics Biotech, Inc. (NASDAQ:ONCY) has earned an average broker rating score of 1.50 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy rating and one has issued a strong buy rating on the company. Oncolytics Biotech’s rating score has declined by 50% from three months ago as a result of various analysts’ upgrades and downgrades.

Analysts have set a 12 month consensus price objective of $13.62 for the company, according to Zacks. Zacks has also given Oncolytics Biotech an industry rank of 51 out of 256 based on the ratings given to related companies.

ONCY has been the subject of several analyst reports. Zacks Investment Research upgraded shares of DLH from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd.

Shares of NASDAQ:ONCY remained flat at $$1.62 during trading on Friday. 10,092 shares of the stock traded hands, compared to its average volume of 25,827. Oncolytics Biotech has a 12 month low of $1.57 and a 12 month high of $5.37. The company’s fifty day simple moving average is $1.70. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.39 and a quick ratio of 3.39. The stock has a market capitalization of $32.85 million, a P/E ratio of -1.97 and a beta of 2.03.

Oncolytics Biotech (NASDAQ:ONCY) last issued its quarterly earnings results on Thursday, May 2nd. The company reported ($0.21) EPS for the quarter. On average, equities analysts expect that Oncolytics Biotech will post -0.9 EPS for the current fiscal year.

About Oncolytics Biotech

Oncolytics Biotech Inc, a development stage biopharmaceutical company, focuses on the discovery and development of pharmaceutical products for the treatment of cancer. The company is developing REOLYSIN, an immuno-oncology viral-agent that comprises three programs: chemotherapy combinations to trigger selective tumor lysis; immune modulator combinations to facilitate innate immune responses; and immuno-therapy combinations to produce adaptive immune responses.

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