Laidlaw Downgrades PhaseRx, Inc. (PZRX) to Neutral

PhaseRx, Inc. (NASDAQ:PZRX) was downgraded by equities research analysts at Laidlaw from a “buy” rating to a “neutral” rating in a report issued on Friday.

PhaseRx (NASDAQ:PZRX) last announced its quarterly earnings results on Thursday, August 10th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.09).

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An institutional investor recently raised its position in PhaseRx stock. Vanguard Group Inc. lifted its stake in shares of PhaseRx, Inc. (NASDAQ:PZRX) by 4.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 142,182 shares of the company’s stock after acquiring an additional 5,500 shares during the quarter. Vanguard Group Inc. owned about 1.22% of PhaseRx worth $135,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 2.38% of the company’s stock.

PhaseRx Company Profile

PhaseRx, Inc is a biopharmaceutical company developing a portfolio of mRNA products to correct life-threatening inherited liver diseases in children. The Company’s initial product development focus is on urea cycle disorders, a group of rare genetic diseases that generally present before the age of 12 and are characterized by the body’s inability to remove ammonia from the blood.

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