Mast Therapeutics, Inc. (SVRA) Downgraded to “Hold” at Zacks Investment Research
Zacks Investment Research cut shares of Mast Therapeutics, Inc. (NASDAQ:SVRA) from a buy rating to a hold rating in a research note released on Friday morning.
According to Zacks, “Savara Inc. is a clinical-stage pharmaceutical company. It focused on the development and commercialization of novel therapies for the treatment of patients with rare respiratory diseases. Savara Inc., formerly known as Mast Therapeutics, Inc., is based in Austin, United States. “
Several other brokerages also recently commented on SVRA. JMP Securities began coverage on Mast Therapeutics in a research note on Monday, September 11th. They issued an outperform rating and a $20.00 target price for the company. Canaccord Genuity restated a buy rating and issued a $18.00 target price on shares of Mast Therapeutics in a research note on Monday, July 17th.
Mast Therapeutics (NASDAQ SVRA) traded down 9.04% during mid-day trading on Friday, reaching $8.55. The company had a trading volume of 547,875 shares. Mast Therapeutics has a one year low of $4.60 and a one year high of $9.88. The company’s market capitalization is $206.94 million. The stock has a 50 day moving average price of $6.04 and a 200 day moving average price of $5.99.
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Mast Therapeutics Company Profile
Savara Inc, formerly Mast Therapeutics, Inc, is a clinical-stage pharmaceutical company. The Company is focused on the development and commercialization of novel therapies for the treatment of patients with rare respiratory diseases. Its pipeline includes AeroVanc, Molgradex and AIR001. AeroVanc is an inhaled formulation of vancomycin, which the Company is developing for the treatment of persistent methicillin-resistant Staphylococcus aureus, lung infection in cystic fibrosis patients.
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