Asterias Biotherapeutics (AST) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of Asterias Biotherapeutics (NYSEAMERICAN:AST) from a hold rating to a sell rating in a research report released on Friday morning.

According to Zacks, “Asterias Biotherapeutics, Inc. is a biotechnology company. It is focused on the field of regenerative medicine. The Company’s technologies center on stem cells capable of becoming all of the cell types in the human body, a property called pluripotency. It develops therapies based on pluripotent stem cells to treat diseases or injuries in a variety of medical fields, with an initial focus on the therapeutic areas of neurology and oncology. Asterias Biotherapeutics, Inc. is based in Menlo Park, California. “

Separately, HC Wainwright reaffirmed a buy rating and issued a $12.00 price objective on shares of Asterias Biotherapeutics in a report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $8.94.

Shares of Asterias Biotherapeutics (AST) opened at $2.40 on Friday. Asterias Biotherapeutics has a twelve month low of $1.95 and a twelve month high of $5.00. The firm has a market cap of $129.96, a PE ratio of -3.69 and a beta of 1.30.

Asterias Biotherapeutics (NYSEAMERICAN:AST) last released its quarterly earnings data on Tuesday, November 14th. The biotechnology company reported ($0.15) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.15). Asterias Biotherapeutics had a negative net margin of 403.38% and a negative return on equity of 79.80%.

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About Asterias Biotherapeutics

Asterias Biotherapeutics, Inc is a biotechnology company. The Company is engaged in developing and commercializing therapies in the fields of cell therapy and regenerative medicine. The Company has over two technology platforms. The first is an immunotherapy platform to teach cancer patients’ immune systems to attack their tumors.

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