Krystal Biotech (KRYS) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Krystal Biotech (NASDAQ:KRYS) from a sell rating to a hold rating in a research report report published on Wednesday.

According to Zacks, “Krystal Biotech, Inc. is a gene therapy company. It engaged in developing and commercializing novel treatments for patients suffering from dermatological diseases. Krystal Biotech, Inc. is based in Pittsburgh, United States. “

Separately, Ladenburg Thalmann Financial Services assumed coverage on Krystal Biotech in a research report on Wednesday, October 18th. They issued a buy rating and a $23.00 target price for the company.

Shares of Krystal Biotech (NASDAQ:KRYS) traded down $0.18 during trading on Wednesday, hitting $10.34. The stock had a trading volume of 9,406 shares, compared to its average volume of 28,187. Krystal Biotech has a 1-year low of $8.03 and a 1-year high of $11.98.

Krystal Biotech (NASDAQ:KRYS) last issued its earnings results on Monday, November 13th. The company reported ($1.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.74) by ($0.52). research analysts expect that Krystal Biotech will post -1.85 EPS for the current year.

An institutional investor recently bought a new position in Krystal Biotech stock. Highbridge Capital Management LLC bought a new position in Krystal Biotech Inc (NASDAQ:KRYS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 300,000 shares of the company’s stock, valued at approximately $2,991,000. Highbridge Capital Management LLC owned 3.11% of Krystal Biotech as of its most recent SEC filing. Institutional investors own 30.72% of the company’s stock.

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About Krystal Biotech

Krystal Biotech, Inc gene therapy company. The Company is engaged in developing and commercializing novel treatments for patients suffering from dermatological diseases. The Company has developed a Skin TARgeted Delivery platform, or STAR-D platform, that consists of a patent pending engineered viral vector based on herpes simplex virus 1, or HSV-1, and skin-optimized gene transfer technology, to develop off-the-shelf treatments for dermatological diseases.

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