StockNews.com Initiates Coverage on Bio-Path (NASDAQ:BPTH)

StockNews.com started coverage on shares of Bio-Path (NASDAQ:BPTHGet Rating) in a research note published on Monday. The brokerage issued a sell rating on the stock.

Bio-Path Stock Up 5.4 %

BPTH stock opened at $1.46 on Monday. The business has a 50 day moving average of $2.79 and a 200 day moving average of $3.39. The firm has a market cap of $10.42 million, a PE ratio of -0.74 and a beta of 1.39. Bio-Path has a twelve month low of $1.28 and a twelve month high of $5.28.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Mount Yale Investment Advisors LLC bought a new stake in shares of Bio-Path in the third quarter worth approximately $81,000. Renaissance Technologies LLC purchased a new stake in shares of Bio-Path during the 2nd quarter valued at about $70,000. Virtu Financial LLC bought a new position in shares of Bio-Path in the 3rd quarter worth approximately $39,000. Finally, Citadel Advisors LLC purchased a new position in shares of Bio-Path in the third quarter worth approximately $35,000. Institutional investors own 5.76% of the company’s stock.

Bio-Path Company Profile

(Get Rating)

Bio-Path Holdings, Inc operates as a clinical and preclinical stage oncology focused RNAi nano particle drug development company in the United States. The company develops products based on DNAbilize, a drug delivery and antisense technology that uses P-ethoxy, which is a deoxyribonucleic acid (DNA) backbone modification intended to protect the DNA from destruction.

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