Pain Therapeutics (PTIE) Lowered to “Strong Sell” at ValuEngine
Pain Therapeutics (NASDAQ:PTIE) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Friday.
Separately, Zacks Investment Research upgraded shares of Pain Therapeutics from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a report on Tuesday, October 31st.
Pain Therapeutics (NASDAQ:PTIE) opened at $4.06 on Friday. Pain Therapeutics has a 12 month low of $3.10 and a 12 month high of $9.31.
A hedge fund recently bought a new stake in Pain Therapeutics stock. Dimensional Fund Advisors LP acquired a new position in Pain Therapeutics, Inc. (NASDAQ:PTIE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 59,989 shares of the biopharmaceutical company’s stock, valued at approximately $247,000. Dimensional Fund Advisors LP owned about 0.91% of Pain Therapeutics as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 36.16% of the company’s stock.
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About Pain Therapeutics
Pain Therapeutics, Inc is a biopharmaceutical company. The Company is focused on drug development efforts on disorders of the nervous system, such as chronic pain. The Company’s lead drug candidate, REMOXY, is an abuse-deterrent, oral formulation of oxycodone (CII). The Company’s other products is FENROCK.
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