Hmmmm dat verklaart waarom er verkocht wordt....maar goed ik wacht verder rustig af:
ELYAD SA/ADR (NASDAQ:CYAD) Downgraded to “Sell” at Zacks Investment Research
Posted by Joseph McCarthy on Jul 10th, 2020
CELYAD SA/ADR logoCELYAD SA/ADR (NASDAQ:CYAD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday, Zacks.com reports.
According to Zacks, “Celyad SA is a biopharmaceutical company. The Company develops and commercializes cell based regenerative therapies to treat illnesses where cardiac tissue is lost due to chronic or acute injury. Celyad SA is based in Mont-Saint-Guibert, Belgium. “
CYAD has been the subject of several other research reports. William Blair reiterated a “buy” rating on shares of CELYAD SA/ADR in a report on Monday, June 1st. HC Wainwright reaffirmed a “buy” rating on shares of CELYAD SA/ADR in a research note on Thursday, May 7th. Wells Fargo & Co cut their price objective on CELYAD SA/ADR from $44.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, March 26th. Finally, ValuEngine cut CELYAD SA/ADR from a “strong-buy” rating to a “buy” rating in a report on Friday, May 29th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. CELYAD SA/ADR currently has an average rating of “Buy” and a consensus price target of $23.67.
Shares of CYAD stock opened at $10.25 on Wednesday. CELYAD SA/ADR has a 1-year low of $4.10 and a 1-year high of $14.98. The company has a 50-day moving average of $10.66 and a two-hundred day moving average of $9.68. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.07.
Large investors have recently bought and sold shares of the business. UBS Group AG increased its position in shares of CELYAD SA/ADR by 241.2% during the fourth quarter. UBS Group AG now owns 3,064 shares of the company’s stock worth $32,000 after acquiring an additional 2,166 shares during the period. Jane Street Group LLC acquired a new position in CELYAD SA/ADR during the 4th quarter worth $117,000. Morgan Stanley grew its stake in CELYAD SA/ADR by 5.1% during the 1st quarter. Morgan Stanley now owns 39,773 shares of the company’s stock worth $296,000 after purchasing an additional 1,915 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in CELYAD SA/ADR by 4.8% during the 4th quarter. Victory Capital Management Inc. now owns 999,439 shares of the company’s stock worth $10,414,000 after purchasing an additional 45,778 shares during the period. Institutional investors and hedge funds own 7.59% of the company’s stock.
CELYAD SA/ADR Company Profile
Celyad SA, a clinical-stage biopharmaceutical company, focuses on the development of CAR-T cell-based therapies. The company utilizes its expertise in cell engineering to target cancer. Its CAR-T cell platform has the potential to treats a range of solid and hematologic tumors. The company's lead drug product candidate, CYAD-01 (CAR-T NKG2D), has been evaluated in a Phase I clinical trial to assess the safety and clinical activity of multiple administrations of autologous CYAD-01 cells in seven refractory cancers, including five solid tumors, such as colorectal, ovarian, bladder, triple-negative breast, and pancreatic cancers; and two hematological tumors comprising acute myeloid leukemia and multiple myeloma.