Zacks Investment Research upgraded shares of Aytu Bioscience (NASDAQ:AYTU) from a hold rating to a buy rating in a research note issued to investors on Monday morning. Zacks Investment Research currently has $1.50 price objective on the stock.
According to Zacks, “Aytu BioScience, Inc. is a healthcare company which focused on commercialization of novel products in the field of urology. The company’s marketed products consists of ProstaScint(R), Primsol(R) and MiOXSYS(TM) which addresses prostate cancer, urinary tract infections, male infertility and male sexual dysfunction. Aytu BioScience, Inc. is based in Englewood, Colorado. “
AYTU opened at $1.60 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 4.37 and a current ratio of 4.72. Aytu Bioscience has a 1 year low of $0.68 and a 1 year high of $15.20. The company has a market capitalization of $19.80 million, a P/E ratio of -0.06 and a beta of 4.98.
An institutional investor recently bought a new position in Aytu Bioscience stock. Wexford Capital LP bought a new position in Aytu Bioscience Inc (NASDAQ:AYTU) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 89,500 shares of the company’s stock, valued at approximately $71,000. Wexford Capital LP owned about 1.04% of Aytu Bioscience as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 29.94% of the company’s stock.
Aytu Bioscience Company Profile
Aytu BioScience, Inc, a specialty healthcare company, focuses on developing and commercializing novel products in the field of hypogonadism (low testosterone), insomnia, and male infertility in the United States and internationally. The company markets Natesto, a nasal gel for the treatment of hypogonadism (low testosterone) in men; and ZolpiMist, an oral spray for the treatment of insomnia.
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