Shares of Curis, Inc. (NASDAQ:CRIS) dropped 5.2% during trading on Thursday . The company traded as low as $0.55 and last traded at $0.55. Approximately 970,053 shares were traded during trading, a decline of 38% from the average daily volume of 1,552,220 shares. The stock had previously closed at $0.58.
CRIS has been the subject of a number of research analyst reports. Guggenheim began coverage on Curis in a research report on Monday, October 23rd. They set a “buy” rating and a $7.00 price target for the company. Zacks Investment Research lowered Curis from a “hold” rating to a “sell” rating in a report on Friday, November 10th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $6.50.
The firm has a market cap of $90.30, a price-to-earnings ratio of -1.41 and a beta of 1.56. The company has a debt-to-equity ratio of 1.24, a quick ratio of 5.15 and a current ratio of 5.15.
Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in Curis by 62,201.8% during the third quarter. JPMorgan Chase & Co. now owns 2,381,798 shares of the biotechnology company’s stock valued at $3,691,000 after purchasing an additional 2,377,975 shares during the period. Vanguard Group Inc. grew its holdings in Curis by 2.6% during the second quarter. Vanguard Group Inc. now owns 4,955,068 shares of the biotechnology company’s stock valued at $9,365,000 after purchasing an additional 127,443 shares during the period. State Street Corp grew its holdings in Curis by 10.4% during the second quarter. State Street Corp now owns 1,857,044 shares of the biotechnology company’s stock valued at $3,511,000 after purchasing an additional 175,424 shares during the period. First Eagle Investment Management LLC grew its holdings in Curis by 10.4% during the third quarter. First Eagle Investment Management LLC now owns 26,508,672 shares of the biotechnology company’s stock valued at $39,498,000 after purchasing an additional 2,500,000 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Curis by 1.6% in the second quarter. Goldman Sachs Group Inc. now owns 119,638 shares of the biotechnology company’s stock worth $226,000 after acquiring an additional 1,880 shares during the period. 55.34% of the stock is owned by institutional investors and hedge funds.
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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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