Aethlon Medical (NASDAQ:AEMD) Downgraded to Hold at ValuEngine

ValuEngine downgraded shares of Aethlon Medical (NASDAQ:AEMD) from a buy rating to a hold rating in a research note issued to investors on Thursday morning, ValuEngine reports.

Aethlon Medical stock traded up $0.01 during trading hours on Thursday, reaching $0.23. 63,600 shares of the company were exchanged, compared to its average volume of 184,281. The firm has a market capitalization of $4.40 million, a price-to-earnings ratio of -0.68 and a beta of 1.29. The firm has a 50-day moving average price of $0.33. Aethlon Medical has a 12 month low of $0.20 and a 12 month high of $1.74.

Aethlon Medical (NASDAQ:AEMD) last announced its earnings results on Monday, July 1st. The medical equipment provider reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). The business had revenue of $0.08 million during the quarter, compared to analysts’ expectations of $0.08 million. Equities research analysts forecast that Aethlon Medical will post -0.27 earnings per share for the current year.

A hedge fund recently bought a new stake in Aethlon Medical stock. Bank of New York Mellon Corp bought a new position in shares of Aethlon Medical, Inc. (NASDAQ:AEMD) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 30,363 shares of the medical equipment provider’s stock, valued at approximately $50,000. Bank of New York Mellon Corp owned 0.17% of Aethlon Medical as of its most recent SEC filing. 4.25% of the stock is currently owned by institutional investors.

About Aethlon Medical

Aethlon Medical, Inc, a medical device company, focuses on creating devices that address unmet medical needs in health and biodefense worldwide. The company is developing Aethlon Hemopurifier, a clinical-stage therapeutic device that eliminates life-threatening viruses from the circulatory system of infected individuals.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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