Athersys (NASDAQ:ATHX) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Athersys (NASDAQ:ATHXGet Rating) in a research note released on Saturday morning. The brokerage issued a sell rating on the biopharmaceutical company’s stock.

Separately, Bank of America lowered shares of Athersys from a buy rating to an underperform rating and dropped their price objective for the stock from $1.00 to $0.25 in a report on Monday, May 23rd.

NASDAQ:ATHX opened at $0.24 on Friday. Athersys has a 12-month low of $0.18 and a 12-month high of $1.81. The firm has a market capitalization of $60.98 million, a PE ratio of -0.69 and a beta of -1.29. The firm has a 50-day moving average price of $0.38 and a 200 day moving average price of $0.65.

Athersys (NASDAQ:ATHXGet Rating) last posted its quarterly earnings results on Friday, May 6th. The biopharmaceutical company reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $2.91 million for the quarter. Equities research analysts expect that Athersys will post -0.27 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of ATHX. Private Advisor Group LLC acquired a new stake in shares of Athersys during the first quarter worth approximately $27,000. Claraphi Advisory Network LLC increased its holdings in shares of Athersys by 47.8% during the fourth quarter. Claraphi Advisory Network LLC now owns 34,000 shares of the biopharmaceutical company’s stock worth $31,000 after buying an additional 11,000 shares in the last quarter. Tobias Financial Advisors Inc. acquired a new stake in shares of Athersys during the first quarter worth approximately $36,000. ProShare Advisors LLC grew its stake in shares of Athersys by 70.5% during the fourth quarter. ProShare Advisors LLC now owns 44,739 shares of the biopharmaceutical company’s stock valued at $40,000 after purchasing an additional 18,495 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Athersys by 32.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 46,490 shares of the biopharmaceutical company’s stock valued at $42,000 after purchasing an additional 11,387 shares during the last quarter. 22.39% of the stock is owned by institutional investors.

About Athersys (Get Rating)

Athersys, Inc, a biotechnology company, focuses on the research and development activities in the field of regenerative medicine. Its clinical development programs are focused on treating neurological conditions, cardiovascular diseases, inflammatory and immune disorders, and pulmonary and other conditions.

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