Zacks Investment Research Lowers Auris Medical (EARS) to Strong Sell

Auris Medical (NASDAQ:EARS) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday.

According to Zacks, “Auris Medical Holding AG is a biopharmaceutical company. It focuses on developing therapies for the treatment of hearing loss and tinnitus. The Company has two projects in advanced clinical development: AM-101 for the treatment of acute inner ear tinnitus and AM-111 for the treatment of acute inner ear hearing loss. Auris Medical Holding AG is headquartered in Zug, Switzerland. “

Other equities analysts also recently issued reports about the company. ValuEngine upgraded Auris Medical from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Roth Capital started coverage on Auris Medical in a research report on Thursday, December 20th. They issued a “buy” rating and a $5.00 price objective on the stock.

NASDAQ EARS traded down $0.01 on Tuesday, hitting $0.35. 809,900 shares of the company traded hands, compared to its average volume of 1,650,865. The company has a market capitalization of $13.38 million, a PE ratio of -0.47 and a beta of -0.56. Auris Medical has a 52-week low of $0.23 and a 52-week high of $2.45.

Auris Medical (NASDAQ:EARS) last released its earnings results on Thursday, March 14th. The biotechnology company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.01).

About Auris Medical

Auris Medical Holding AG, a clinical-stage biopharmaceutical company, focuses on the development of novel products for the treatment of inner ear disorders. Its product candidates include AM-101, which is in phase III clinical development for the treatment of acute inner ear tinnitus; and AM-111 that is in phase III clinical development for the treatment of acute inner ear hearing loss.

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