Paratek Pharmaceuticals (PRTK) Downgraded by BidaskClub to Strong Sell
BidaskClub lowered shares of Paratek Pharmaceuticals (NASDAQ:PRTK) from a sell rating to a strong sell rating in a report issued on Saturday.
Several other analysts have also recently weighed in on PRTK. Zacks Investment Research upgraded shares of Paratek Pharmaceuticals from a hold rating to a buy rating and set a $21.00 price target on the stock in a report on Saturday, August 5th. Cantor Fitzgerald reiterated an overweight rating on shares of Paratek Pharmaceuticals in a report on Tuesday, August 8th. Raymond James Financial reiterated a strong-buy rating and issued a $36.00 price target on shares of Paratek Pharmaceuticals in a report on Thursday, August 24th. ValuEngine cut shares of Paratek Pharmaceuticals from a hold rating to a sell rating in a report on Monday, September 18th. Finally, Guggenheim initiated coverage on shares of Paratek Pharmaceuticals in a report on Tuesday, October 24th. They issued a buy rating and a $44.00 price target on the stock. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $40.00.
Paratek Pharmaceuticals (NASDAQ:PRTK) traded down $0.20 during trading hours on Friday, reaching $18.65. 554,971 shares of the company traded hands, compared to its average volume of 338,396. Paratek Pharmaceuticals has a twelve month low of $12.90 and a twelve month high of $29.00. The company has a current ratio of 10.53, a quick ratio of 10.53 and a debt-to-equity ratio of 0.49.
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Paratek Pharmaceuticals Company Profile
Paratek Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company is focused on the development and commercialization of therapeutics based upon tetracycline chemistry. Its product candidates are the antibacterials omadacycline and sarecycline. Omadacycline is an antibiotic being developed for use as an empiric monotherapy option for patients suffering from serious, community-acquired bacterial infections.
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