Separately, Maxim Group set a $6.00 target price on Sophiris Bio and gave the stock a buy rating in a research report on Wednesday, June 19th.
Shares of NASDAQ SPHS remained flat at $$0.98 during midday trading on Thursday. The stock had a trading volume of 116,271 shares, compared to its average volume of 118,288. Sophiris Bio has a twelve month low of $0.71 and a twelve month high of $3.49. The company has a debt-to-equity ratio of 2.93, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a 50-day simple moving average of $0.93.
A hedge fund recently raised its stake in Sophiris Bio stock. Geode Capital Management LLC boosted its position in Sophiris Bio Inc (NASDAQ:SPHS) by 14.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 243,523 shares of the biopharmaceutical company’s stock after buying an additional 31,579 shares during the quarter. Geode Capital Management LLC owned approximately 0.81% of Sophiris Bio worth $202,000 at the end of the most recent quarter. Institutional investors own 8.27% of the company’s stock.
About Sophiris Bio
Sophiris Bio, Inc, a clinical-stage biopharmaceutical company, focuses on the development of products for the treatment of urological diseases. The company's primary product candidate is PRX302, which is in Phase III clinical trial for treatment of lower urinary tract symptoms of benign prostatic hyperplasia (BPH), as well as for the treatment of localized low to intermediate risk prostate cancer.
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