Neonc Technologies (NASDAQ:NTHI) Upgraded at Wall Street Zen

Neonc Technologies (NASDAQ:NTHI) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

A number of other equities research analysts have also recently weighed in on NTHI. BTIG Research reissued a “buy” rating and issued a $15.00 price target on shares of Neonc Technologies in a research report on Tuesday, September 8th. Weiss Ratings lowered Neonc Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, October 21st. Zacks Research lowered Neonc Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 7th. Finally, Roth Capital initiated coverage on shares of Neonc Technologies in a research note on Thursday, September 24th. They issued a “buy” rating on the stock. Four analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Neonc Technologies presently has an average rating of “Hold” and an average price target of $16.00.

Neonc Technologies Trading Up 9.1%

NTHI stock opened at $3.49 on Friday. The company has a 50 day moving average of $3.33 and a two-hundred day moving average of $5.38. Neonc Technologies has a 12-month low of $2.50 and a 12-month high of $12.00.

Neonc Technologies (NASDAQ:NTHI) last posted its quarterly earnings data on Thursday, November 5th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.03).

Insider Buying and Selling

In related news, CEO Amir F. Heshmatpour purchased 35,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The stock was purchased at an average cost of $3.30 per share, with a total value of $115,500.00. Following the completion of the acquisition, the chief executive officer directly owned 3,183,000 shares in the company, valued at $10,503,900. This trade represents a 1.11% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Thomas C. Chen purchased 12,757 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was bought at an average price of $5.49 per share, with a total value of $70,035.93. Following the transaction, the chief executive officer directly owned 13,705 shares in the company, valued at $75,240.45. This trade represents a 1,345.68% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders bought 134,812 shares of company stock worth $530,149.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE bought a new position in shares of Neonc Technologies in the second quarter worth approximately $1,017,000. BlackRock Inc. acquired a new stake in shares of Neonc Technologies in the second quarter valued at approximately $815,000. Global Retirement Partners LLC acquired a new stake in Neonc Technologies in the second quarter valued at $126,000. Finally, Westmount Partners LLC boosted its stake in shares of Neonc Technologies by 355.2% during the 2nd quarter. Westmount Partners LLC now owns 197,178 shares of the company’s stock worth $893,000 after acquiring an additional 153,858 shares in the last quarter.

About Neonc Technologies