Curis, Inc. (CRIS) Hits New 52-Week Low at $1.46

Shares of Curis, Inc. (NASDAQ:CRIS) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $1.46 and last traded at $0.00, with a volume of shares trading hands.

A number of analysts have issued reports on CRIS shares. Guggenheim started coverage on shares of Curis in a research note on Monday, October 23rd. They issued a “buy” rating and a $7.00 target price for the company. Zacks Investment Research upgraded shares of Curis from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. ValuEngine cut shares of Curis from a “hold” rating to a “sell” rating in a research note on Friday, September 15th. Finally, BidaskClub cut shares of Curis from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Curis has an average rating of “Hold” and a consensus price target of $6.50.

Curis (NASDAQ:CRIS) last issued its quarterly earnings results on Thursday, August 3rd. The biotechnology company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The business had revenue of $2.10 million for the quarter, compared to the consensus estimate of $2.08 million. Curis had a negative return on equity of 236.43% and a negative net margin of 836.18%. Curis’s revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.09) earnings per share.

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE grew its stake in shares of Curis by 58.7% during the 1st quarter. Bank of America Corp DE now owns 36,348 shares of the biotechnology company’s stock worth $101,000 after acquiring an additional 13,448 shares in the last quarter. Prudential Financial Inc. bought a new position in shares of Curis during the 1st quarter worth approximately $105,000. OxFORD Asset Management LLP bought a new position in shares of Curis during the 2nd quarter worth approximately $115,000. Voya Investment Management LLC grew its stake in shares of Curis by 21.8% during the 2nd quarter. Voya Investment Management LLC now owns 68,138 shares of the biotechnology company’s stock worth $129,000 after acquiring an additional 12,207 shares in the last quarter. Finally, American International Group Inc. grew its stake in shares of Curis by 7.1% during the 1st quarter. American International Group Inc. now owns 68,733 shares of the biotechnology company’s stock worth $191,000 after acquiring an additional 4,560 shares in the last quarter. 44.72% of the stock is owned by institutional investors.

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Curis Company Profile

Curis, Inc is a biotechnology company seeking to develop and commercialize drug candidates for the treatment of cancers. The Company’s drug candidate is CUDC-907, an orally-available, small molecule inhibitor of histone deacetylase (HDAC) and phosphatidylinositol-3-kinase (PI3K) enzymes. CUDC-907 is an oral, dual inhibitor of Class I and II HDAC, as well as Class I PI3K enzymes.

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