BidaskClub Upgrades NuCana (NASDAQ:NCNA) to “Sell”

NuCana (NASDAQ:NCNA) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Wednesday, BidAskClub reports.

A number of other research firms also recently issued reports on NCNA. William Blair restated an “outperform” rating on shares of NuCana in a research report on Thursday, May 16th. Zacks Investment Research upgraded shares of NuCana from a “sell” rating to a “hold” rating in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $25.50.

Shares of NuCana stock traded down $0.31 during trading hours on Wednesday, reaching $8.47. The company’s stock had a trading volume of 2,560 shares, compared to its average volume of 12,758. The business’s 50 day moving average price is $10.09. NuCana has a one year low of $7.53 and a one year high of $30.10. The stock has a market capitalization of $290.03 million, a PE ratio of -14.80 and a beta of 3.29.

NuCana (NASDAQ:NCNA) last posted its quarterly earnings results on Tuesday, May 14th. The company reported ($0.22) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.22). Equities research analysts forecast that NuCana will post -1.14 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Rothschild Investment Corp IL acquired a new position in NuCana during the first quarter worth approximately $211,000. Alps Advisors Inc. increased its position in shares of NuCana by 5.6% in the first quarter. Alps Advisors Inc. now owns 77,838 shares of the company’s stock worth $1,323,000 after acquiring an additional 4,160 shares in the last quarter. Asymmetry Capital Management L.P. increased its position in shares of NuCana by 5.4% in the first quarter. Asymmetry Capital Management L.P. now owns 45,393 shares of the company’s stock worth $772,000 after acquiring an additional 2,346 shares in the last quarter. Marshall Wace North America L.P. increased its position in shares of NuCana by 558.8% in the first quarter. Marshall Wace North America L.P. now owns 60,843 shares of the company’s stock worth $1,034,000 after acquiring an additional 51,607 shares in the last quarter. Finally, Aperio Group LLC acquired a new stake in shares of NuCana in the second quarter worth $39,000. Institutional investors own 38.08% of the company’s stock.

NuCana Company Profile

NuCana plc, a clinical-stage biopharmaceutical company, engages in the development of products for the treatment of cancer. It is developing Acelarin that is in Phase I clinical trials for the treatment of advanced metastatic solid tumors; Phase Ib clinical trials for the treatment of recurrent ovarian cancer; Phase II clinical trials for the treatment of patients with platinum-resistant ovarian cancer; Phase Ib clinical trials for the treatment of patients with biliary cancer; and Phase III clinical trials for the treatment of pancreatic cancer.

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