Endocyte, Inc. (ECYT) Trading Up NaN

Endocyte, Inc. (NASDAQ:ECYT)’s share price was up NaN during mid-day trading on Wednesday . The stock traded as high as $4.87 and last traded at $0.00. Approximately 710,442 shares were traded during trading, an increase of Infinity from the average daily volume of 0 shares.

Several equities analysts recently issued reports on ECYT shares. Zacks Investment Research cut Endocyte from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Wedbush upgraded Endocyte from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $2.00 to $7.00 in a research note on Tuesday, October 3rd. ValuEngine upgraded Endocyte from a “strong sell” rating to a “sell” rating in a research note on Monday, October 2nd. Finally, Cowen and Company restated a “hold” rating on shares of Endocyte in a research note on Monday, October 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. Endocyte currently has an average rating of “Hold” and an average price target of $7.00.

Endocyte (NASDAQ:ECYT) last released its quarterly earnings data on Tuesday, August 8th. The biopharmaceutical company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.03). The firm had revenue of $0.01 million for the quarter. Endocyte had a negative net margin of 61,437.14% and a negative return on equity of 32.68%. During the same quarter in the previous year, the company posted ($0.25) EPS.

A number of hedge funds have recently made changes to their positions in ECYT. Stifel Financial Corp boosted its stake in Endocyte by 3.9% in the 1st quarter. Stifel Financial Corp now owns 45,353 shares of the biopharmaceutical company’s stock valued at $112,000 after buying an additional 1,711 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Endocyte by 34.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 98,313 shares of the biopharmaceutical company’s stock valued at $147,000 after buying an additional 25,003 shares in the last quarter. Spark Investment Management LLC acquired a new stake in Endocyte in the 2nd quarter valued at $177,000. LMR Partners LLP acquired a new stake in Endocyte in the 2nd quarter valued at $196,000. Finally, Ameriprise Financial Inc. boosted its stake in Endocyte by 26.7% in the 1st quarter. Ameriprise Financial Inc. now owns 133,270 shares of the biopharmaceutical company’s stock valued at $343,000 after buying an additional 28,110 shares in the last quarter. 25.58% of the stock is currently owned by institutional investors and hedge funds.

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