Soligenix, Inc. (NASDAQ:SNGX)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $1.61, but opened at $1.82. Soligenix shares last traded at $1.73, with a volume of 615,471 shares.
Several equities analysts recently commented on the stock. B. Riley reaffirmed a “hold” rating and set a $2.00 target price on shares of Soligenix in a report on Thursday, January 28th. Alliance Global Partners reduced their target price on shares of Soligenix from $7.25 to $5.75 and set a “buy” rating on the stock in a report on Wednesday, December 23rd.
The firm has a market cap of $48.17 million, a PE ratio of -2.47 and a beta of 1.42. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.30 and a current ratio of 2.30. The company’s 50-day simple moving average is $1.73 and its two-hundred day simple moving average is $1.83.
About Soligenix (NASDAQ:SNGX)
Soligenix, Inc, a late-stage biopharmaceutical company, focuses on developing and commercializing products to treat rare diseases in the United States. It operates in two segments, Specialized BioTherapeutics and Public Health Solutions. The Specialized BioTherapeutics segment develops SGX301, a novel photodynamic therapy, which has completed Phase 3 clinical trial to treat cutaneous T-cell lymphoma; and SGX942, an innate defense regulator technology that is in Phase 3 clinical trial to treat oral mucositis in head and neck cancer.
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