Neothetics, Inc. (NASDAQ:NEOT) Upgraded to “Sell” at ValuEngine

Neothetics, Inc. (NASDAQ:NEOT) was upgraded by ValuEngine from a “strong sell” rating to a “sell” rating in a report issued on Tuesday, October 17th.

Shares of Neothetics (NEOT) traded down $0.03 on Tuesday, reaching $1.24. 492,393 shares of the company traded hands, compared to its average volume of 6,142,598. Neothetics has a fifty-two week low of $0.30 and a fifty-two week high of $2.63.

Neothetics (NASDAQ:NEOT) last issued its quarterly earnings results on Thursday, August 10th. The biotechnology company reported ($0.20) earnings per share for the quarter, meeting the consensus estimate of ($0.20).

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An institutional investor recently bought a new position in Neothetics stock. Virtu KCG Holdings LLC acquired a new position in Neothetics, Inc. (NASDAQ:NEOT) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 278,219 shares of the biotechnology company’s stock, valued at approximately $150,000. Virtu KCG Holdings LLC owned approximately 2.01% of Neothetics as of its most recent filing with the Securities and Exchange Commission. 4.64% of the stock is owned by institutional investors and hedge funds.

Neothetics Company Profile

Neothetics, Inc is a clinical-stage specialty pharmaceutical company, which develops therapeutics. The Company focuses on localized fat reduction and body contouring. It focuses on the development of LIPO-202 for the reduction of central abdominal bulging due to subcutaneous fat in non-obese patients.

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

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