Galectin Therapeutics (GALT) Receiving Somewhat Favorable Press Coverage, Study Finds

News stories about Galectin Therapeutics (NASDAQ:GALT) have trended somewhat positive on Sunday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Galectin Therapeutics earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave press coverage about the company an impact score of 47.3478783070455 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:

Galectin Therapeutics (GALT) traded up 1.12% during trading on Friday, reaching $1.80. The company had a trading volume of 51,134 shares. The company has a 50-day moving average price of $2.13 and a 200 day moving average price of $2.24. The company’s market capitalization is $63.09 million. Galectin Therapeutics has a one year low of $0.49 and a one year high of $3.68.

Galectin Therapeutics (NASDAQ:GALT) last released its earnings results on Monday, August 14th. The company reported ($0.14) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.01. During the same quarter in the prior year, the company earned ($0.20) EPS. Analysts expect that Galectin Therapeutics will post ($0.56) earnings per share for the current year.

Several equities analysts have recently weighed in on GALT shares. Zacks Investment Research upgraded Galectin Therapeutics from a “hold” rating to a “buy” rating and set a $2.75 price objective for the company in a report on Tuesday, June 13th. ValuEngine cut Galectin Therapeutics from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Galectin Therapeutics has an average rating of “Hold” and an average target price of $2.25.

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About Galectin Therapeutics

Galectin Therapeutics Inc is a clinical-stage biopharmaceutical company engaged in drug research and development to create therapies for fibrotic disease and cancer. The Company’s drug candidates are based on its method of targeting galectin proteins, which are mediators of biologic and pathologic functions.

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