TiGenix – American Depositary Shares (TIG) Rating Lowered to Neutral at BTIG Research
BTIG Research lowered shares of TiGenix – American Depositary Shares (NASDAQ:TIG) from a buy rating to a neutral rating in a research note published on Tuesday morning. The analysts noted that the move was a valuation call.
Several other brokerages have also recently weighed in on TIG. Canaccord Genuity restated a buy rating and set a $30.00 target price (up from $22.00) on shares of TiGenix – American Depositary Shares in a report on Wednesday, September 20th. Zacks Investment Research cut TiGenix – American Depositary Shares from a hold rating to a sell rating in a report on Saturday, October 21st. Finally, BidaskClub upgraded TiGenix – American Depositary Shares from a strong sell rating to a sell rating in a report on Wednesday, December 27th.
Shares of TiGenix – American Depositary Shares (NASDAQ:TIG) traded down $0.25 during mid-day trading on Tuesday, reaching $41.94. The company had a trading volume of 1,288 shares, compared to its average volume of 22,238. TiGenix – American Depositary Shares has a 52 week low of $14.30 and a 52 week high of $42.32. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.37 and a quick ratio of 1.36.
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About TiGenix – American Depositary Shares
TiGenix NV, a biopharmaceutical company, develops and commercializes therapeutics from its proprietary technology platforms of allogeneic or donor derived stem cells. Its stem cell programs are based on proprietary validated platforms of allogeneic expanded stem cells targeting autoimmune, inflammatory, and heart diseases.
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