Tscan Therapeutics (NASDAQ:TCRX) Stock Price Down 6.9%

Tscan Therapeutics, Inc. (NASDAQ:TCRX) dropped 6.9% during trading on Monday . The company traded as low as $7.57 and last traded at $7.64. Approximately 58,724 shares traded hands during trading, a decline of 28% from the average daily volume of 81,446 shares. The stock had previously closed at $8.21.

TCRX has been the topic of a number of research analyst reports. Cowen initiated coverage on shares of Tscan Therapeutics in a research note on Friday, August 13th. They set an “outperform” rating on the stock. Morgan Stanley assumed coverage on shares of Tscan Therapeutics in a research report on Tuesday, August 10th. They issued an “overweight” rating and a $22.00 price target on the stock. Jefferies Financial Group assumed coverage on shares of Tscan Therapeutics in a research report on Tuesday, August 10th. They issued a “buy” rating and a $21.00 price target on the stock. Finally, Barclays initiated coverage on shares of Tscan Therapeutics in a research report on Tuesday, August 10th. They issued an “overweight” rating and a $22.00 price target on the stock.

The firm’s 50 day simple moving average is $9.79.

Tscan Therapeutics (NASDAQ:TCRX) last issued its earnings results on Wednesday, August 18th. The company reported ($7.69) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.65) by ($7.04). The business had revenue of $2.85 million for the quarter. On average, analysts anticipate that Tscan Therapeutics, Inc. will post -7.72 EPS for the current year.

Tscan Therapeutics Company Profile (NASDAQ:TCRX)

TScan Therapeutics Inc is a biopharmaceutical company. It focused on the development of T-cell receptor engineered T cell therapies for the treatment of patients with cancer. The company’s lead product pipeline consist TSC-100 and TSC-101. TScan Therapeutics Inc is based in WALTHAM, Mass.

Further Reading: What does a hold rating mean?

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