Tyme Technologies (TYME) Hits New 12-Month Low at $1.61

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Tyme Technologies Inc (NASDAQ:TYME) reached a new 52-week low during trading on Monday . The company traded as low as $1.61 and last traded at $1.63, with a volume of 6446 shares trading hands. The stock had previously closed at $1.76.

Several equities research analysts recently issued reports on TYME shares. HC Wainwright set a $10.00 price objective on Tyme Technologies and gave the stock a “buy” rating in a report on Tuesday, February 26th. BidaskClub cut Tyme Technologies from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 5th. Finally, Zacks Investment Research cut Tyme Technologies from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $7.83.

The firm has a market capitalization of $182.69 million, a PE ratio of -7.81 and a beta of 0.22.

Tyme Technologies (NASDAQ:TYME) last posted its quarterly earnings data on Monday, February 11th. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.08). As a group, research analysts forecast that Tyme Technologies Inc will post -0.29 earnings per share for the current fiscal year.

In other news, Director Douglas A. Michels acquired 20,000 shares of the stock in a transaction that occurred on Thursday, February 14th. The shares were bought at an average cost of $3.26 per share, for a total transaction of $65,200.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 53.90% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in Tyme Technologies by 151.1% in the 4th quarter. BlackRock Inc. now owns 5,187,396 shares of the company’s stock worth $19,140,000 after purchasing an additional 3,121,655 shares in the last quarter. Vanguard Group Inc. lifted its stake in Tyme Technologies by 60.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,865,160 shares of the company’s stock worth $5,186,000 after purchasing an additional 699,871 shares in the last quarter. Vanguard Group Inc lifted its stake in Tyme Technologies by 60.1% in the 3rd quarter. Vanguard Group Inc now owns 1,865,160 shares of the company’s stock worth $5,186,000 after purchasing an additional 699,871 shares in the last quarter. Geode Capital Management LLC lifted its stake in Tyme Technologies by 263.0% in the 4th quarter. Geode Capital Management LLC now owns 689,612 shares of the company’s stock worth $2,544,000 after purchasing an additional 499,627 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Tyme Technologies by 26.5% in the 4th quarter. Northern Trust Corp now owns 485,786 shares of the company’s stock worth $1,793,000 after purchasing an additional 101,734 shares in the last quarter. Institutional investors own 16.08% of the company’s stock.

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Tyme Technologies Company Profile (NASDAQ:TYME)

Tyme Technologies, Inc, a clinical-stage biotechnology company, develops novel cancer therapeutics. It is developing SM-88, a combination therapy based on dysfunctional metyrosine derivatives in Phase II development for metastatic pancreatic cancer and biomarker-recurrent prostate cancer. The company was founded in 2011 and is headquartered in New York, New York.

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