Published On: Wed, Sep 7th, 2016

Abeona Therapeutics Inc. (ABEO) Trading Up 1.7%

Abeona Therapeutics Inc. (NASDAQ:ABEO) was up 1.7% during mid-day trading on Wednesday . The stock traded as high as $4.85 and last traded at $4.77, with a volume of 94,664 shares. The stock had previously closed at $4.69.
Several equities research analysts have recently issued reports on ABEO shares. FBR & Co restated a “buy” rating on shares of Abeona Therapeutics in a report on Wednesday, June 22nd. Rodman & Renshaw reiterated a “buy” rating and set a $17.00 price objective on shares of Abeona Therapeutics in a report on Wednesday, May 18th. Maxim Group reiterated a “buy” rating and set a $6.00 price objective on shares of Abeona Therapeutics in a report on Tuesday, May 17th. Finally, Cantor Fitzgerald initiated coverage on shares of Abeona Therapeutics in a research report on Wednesday. They set a “buy” rating on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $10.25.

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The stock’s market cap is $160.68 million. The stock has a 50-day moving average price of $3.50 and a 200 day moving average price of $2.88.
Abeona Therapeutics (NASDAQ:ABEO) last announced its quarterly earnings data on Tuesday, August 16th. The biopharmaceutical company reported ($0.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.14) by $0.06. On average, analysts forecast that Abeona Therapeutics Inc. will post ($0.71) earnings per share for the current year.
Abeona Therapeutics, Inc (Abeona), formerly PlasmaTech Biopharmaceuticals, Inc, is focused on developing and delivering gene therapy and plasma-based products for rare diseases. The Company’s lead programs are ABO-101 (AA9 NAGLU) and ABO-102 (scAAV9 SGHG), adeno-associated virus (AAV)-based gene therapies for Sanfilippo syndrome (Mucopolysaccharidosis (MPS) IIIA and IIIB) in collaboration with patient advocate groups, researchers and clinicians.

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