ValuEngine upgraded shares of Arch Therapeutics Inc (NASDAQ:ARTH) from a sell rating to a hold rating in a research report released on Saturday morning.

Several other equities research analysts have also recently weighed in on the stock. Roth Capital set a $3.00 price objective on shares of Arch Therapeutics and gave the stock a buy rating in a research report on Thursday, May 4th. Zacks Investment Research cut shares of Arch Therapeutics from a buy rating to a sell rating in a research report on Monday, May 8th. Ifs Securities reaffirmed an outperform rating on shares of Arch Therapeutics in a research report on Tuesday, July 25th. Finally, HC Wainwright set a $3.00 price objective on shares of Arch Therapeutics and gave the stock a buy rating in a research report on Monday, June 12th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Arch Therapeutics has a consensus rating of Buy and a consensus target price of $2.31.

Shares of Arch Therapeutics (NASDAQ:ARTH) opened at 0.86 on Friday. The company’s 50 day moving average is $0.68 and its 200-day moving average is $0.59. Arch Therapeutics has a 12 month low of $0.41 and a 12 month high of $0.86. The company’s market cap is $126.44 million.

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About Arch Therapeutics

Arch Therapeutics, Inc is a development-stage company. The Company operates as a biotechnology company. The Company focuses on developing products to stop bleeding (hemostasis) and control leaking (sealant) during surgery and trauma care. The Company’s technology is based on a self-assembling peptide that creates a physical, mechanical barrier, which could be applied to seal organs or wounds that are leaking blood and other fluids.

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

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