StockNews.com initiated coverage on shares of Bellerophon Therapeutics (NASDAQ:BLPH – Get Rating) in a report published on Monday. The brokerage issued a sell rating on the biotechnology company’s stock.
BLPH has been the topic of a number of other research reports. Brookline Capital Management decreased their price objective on shares of Bellerophon Therapeutics from $26.00 to $19.00 in a research report on Monday, April 4th. Brookline Capital Acquisition reduced their price target on shares of Bellerophon Therapeutics from $26.00 to $19.00 in a research report on Monday, April 4th. Finally, Zacks Investment Research cut shares of Bellerophon Therapeutics from a buy rating to a hold rating in a research report on Wednesday, January 19th.
Shares of NASDAQ BLPH opened at $1.99 on Monday. Bellerophon Therapeutics has a fifty-two week low of $1.77 and a fifty-two week high of $5.95. The stock has a market cap of $18.99 million, a price-to-earnings ratio of -1.06 and a beta of -0.54. The firm’s 50-day simple moving average is $2.18 and its 200 day simple moving average is $2.83.
A hedge fund recently bought a new stake in Bellerophon Therapeutics stock. Millennium Management LLC acquired a new position in shares of Bellerophon Therapeutics, Inc. (NASDAQ:BLPH – Get Rating) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,243 shares of the biotechnology company’s stock, valued at approximately $59,000. Millennium Management LLC owned approximately 0.13% of Bellerophon Therapeutics at the end of the most recent reporting period. Hedge funds and other institutional investors own 12.20% of the company’s stock.
About Bellerophon Therapeutics (Get Rating)
Bellerophon Therapeutics, Inc, a clinical-stage therapeutics company, focuses on the development of products for the treatment of cardiopulmonary diseases in the United States. Its products include INOpulse, a proprietary pulsatile nitric oxide delivery platform for the treatment of pulmonary hypertension.
- Get a free copy of the StockNews.com research report on Bellerophon Therapeutics (BLPH)
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