Wall Street Zen Upgrades Iterum Therapeutics (NASDAQ:ITRM) to Hold

Iterum Therapeutics (NASDAQ:ITRMGet Free Report) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Iterum Therapeutics Trading Down 3.1%

NASDAQ:ITRM opened at $0.72 on Friday. The company has a market capitalization of $33.96 million, a P/E ratio of -0.85 and a beta of 3.04. Iterum Therapeutics has a 12 month low of $0.61 and a 12 month high of $3.02. The firm has a fifty day simple moving average of $0.73 and a 200-day simple moving average of $0.96.

Iterum Therapeutics (NASDAQ:ITRMGet Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.03). Equities analysts forecast that Iterum Therapeutics will post -0.86 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC acquired a new stake in shares of Iterum Therapeutics in the 4th quarter worth $38,000. Two Sigma Investments LP acquired a new stake in shares of Iterum Therapeutics in the 4th quarter worth $45,000. OneDigital Investment Advisors LLC acquired a new stake in shares of Iterum Therapeutics in the 1st quarter worth $124,000. Finally, Jane Street Group LLC acquired a new stake in shares of Iterum Therapeutics in the 2nd quarter worth $92,000. 9.21% of the stock is currently owned by institutional investors and hedge funds.

Iterum Therapeutics Company Profile

(Get Free Report)

Iterum Therapeutics plc, a clinical-stage pharmaceutical company, engages in developing and commercializing anti-infectives in Ireland, Bermuda, and the United States. It is developing sulopenem, a novel anti-infective compound with oral and intravenous formulations that is in Phase III clinical trials for the treatment of uncomplicated urinary tract infections, complicated urinary tract infections, and complicated intra-abdominal infections.

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