Rocket Pharmaceuticals (RCKT) Upgraded by ValuEngine to “Sell”

ValuEngine upgraded shares of Rocket Pharmaceuticals (NASDAQ:RCKT) from a strong sell rating to a sell rating in a research note published on Tuesday.

Several other equities analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Rocket Pharmaceuticals from a buy rating to a hold rating in a report on Tuesday, September 12th. BidaskClub raised shares of Rocket Pharmaceuticals from a buy rating to a strong-buy rating in a report on Friday, January 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the stock. Rocket Pharmaceuticals presently has an average rating of Hold and a consensus price target of $2.00.

Shares of Rocket Pharmaceuticals (RCKT) traded down $0.07 during mid-day trading on Tuesday, reaching $12.29. 299,235 shares of the company traded hands, compared to its average volume of 206,015. The stock has a market capitalization of $334.57 and a price-to-earnings ratio of -2.21. The company has a current ratio of 27.63, a quick ratio of 27.63 and a debt-to-equity ratio of 0.97. Rocket Pharmaceuticals has a 12 month low of $3.40 and a 12 month high of $15.20.

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About Rocket Pharmaceuticals

Rocket Pharmaceuticals, Inc, formerly Inotek Pharmaceuticals Corporation, is a clinical-stage biopharmaceutical company. The Company is focused on the discovery, development and commercialization of therapies for glaucoma and other diseases of the eye. Its lead product candidate, trabodenoson, is a selective adenosine mimetic that the Company has designed to lower intraocular pressure (IOP) by restoring the eye’s natural pressure control mechanism.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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