Aclaris Therapeutics Inc (NASDAQ:ACRS)’s stock price traded down 10.2% during mid-day trading on Wednesday . The stock traded as low as $1.21 and last traded at $1.23, 767,115 shares traded hands during trading. A decline of 16% from the average session volume of 911,182 shares. The stock had previously closed at $1.37.
Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Aclaris Therapeutics from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Svb Leerink reiterated an “outperform” rating on shares of Aclaris Therapeutics in a report on Thursday, January 2nd. Finally, ValuEngine upgraded shares of Aclaris Therapeutics from a “hold” rating to a “buy” rating in a report on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $6.67.
The firm has a market capitalization of $59.19 million, a price-to-earnings ratio of -0.28 and a beta of 1.06. The stock has a fifty day moving average of $1.55 and a two-hundred day moving average of $1.49. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.73 and a quick ratio of 3.73.
About Aclaris Therapeutics (NASDAQ:ACRS)
Aclaris Therapeutics, Inc, a biopharmaceutical company, focuses on identifying, developing, and commercializing various therapies for dermatological and immuno-inflammatory diseases in the United States. It operates in two segments, Dermatology Therapeutics and Contract Research. The company offers ESKATA, a formulation of high-concentration hydrogen peroxide topical solution for raised seborrheic keratosis, a common non-malignant skin tumor; and RHOFADE, an oxymetazoline hydrochloride cream.
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