Genenta Science (NASDAQ:GNTA) Stock Price Down 5.9% – Here’s What Happened

Genenta Science S.p.A. Unsponsored ADR (NASDAQ:GNTA – Get Free Report) dropped 5.9% during mid-day trading on Thursday. The company traded as low as $0.7101 and last traded at $0.7101. 53,588 shares traded hands during trading, a decline of 17% from the average session volume of 64,763 shares. The stock had previously closed at $0.7550.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Genenta Science from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, September 24th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Genenta Science currently has an average rating of “Sell”.

Read Our Latest Stock Analysis on GNTA

Genenta Science Stock Performance

The business’s 50-day moving average price is $0.99 and its two-hundred day moving average price is $1.11.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Genenta Science stock. SmartHarvest Portfolios LLC raised its stake in Genenta Science S.p.A. Unsponsored ADR (NASDAQ:GNTA – Free Report) by 656.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 134,447 shares of the company’s stock after purchasing an additional 116,666 shares during the period. SmartHarvest Portfolios LLC owned 0.57% of Genenta Science worth $90,000 as of its most recent SEC filing. Institutional investors and hedge funds own 15.13% of the company’s stock.

Genenta Science Company Profile

(Get Free Report)

Genenta Science S.p.A. (NASDAQ: GNTA) is a clinical-stage biotechnology company developing cell and gene therapies for cancer. The company’s approach uses a patient’s own hematopoietic stem cells, genetically modified outside the body to produce therapeutic proteins and deliver them to the tumor microenvironment.

Genenta’s lead investigational product, Temferon, is designed to generate interferon-alpha within solid tumors. The therapy is being studied primarily in glioblastoma, an aggressive form of brain cancer, with the goal of concentrating treatment in the tumor while limiting exposure to healthy tissues.

Further Reading

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