Avenue Therapeutics (ATXI) Cut to “Sell” at ValuEngine

ValuEngine lowered shares of Avenue Therapeutics (NASDAQ:ATXI) from a hold rating to a sell rating in a research note published on Thursday morning.

Shares of ATXI opened at $4.79 on Thursday. Avenue Therapeutics has a 12 month low of $3.40 and a 12 month high of $8.58. The firm has a market cap of $49.02 and a PE ratio of -2.71.

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Avenue Therapeutics (NASDAQ:ATXI) last issued its quarterly earnings data on Thursday, March 1st. The company reported ($0.63) EPS for the quarter. sell-side analysts expect that Avenue Therapeutics will post -2.74 earnings per share for the current year.

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About Avenue Therapeutics

Avenue Therapeutics, Inc is a pharmaceutical company. The Company is engaged in acquiring, licensing, developing and commercializing products principally for use in the acute or intensive care hospital setting. Its product candidate is intravenous (IV) Tramadol, an intravenous formulation of tramadol hydrochloride (HCl), for the management of moderate to moderately severe postoperative pain.

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

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