Pluristem Therapeutics (NASDAQ:PSTI) Stock Price Crosses Above 200 Day Moving Average of $3.52

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Pluristem Therapeutics Inc. (NASDAQ:PSTI)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.52 and traded as high as $3.98. Pluristem Therapeutics shares last traded at $3.83, with a volume of 3,005 shares traded.

Several analysts recently issued reports on PSTI shares. ValuEngine upgraded shares of Pluristem Therapeutics from a “hold” rating to a “buy” rating in a research report on Friday, January 3rd. Zacks Investment Research downgraded shares of Pluristem Therapeutics from a “buy” rating to a “hold” rating in a research report on Wednesday, January 15th. HC Wainwright restated a “buy” rating and set a $15.50 price objective on shares of Pluristem Therapeutics in a research report on Wednesday, November 13th. Maxim Group restated a “buy” rating and set a $8.00 target price on shares of Pluristem Therapeutics in a research note on Wednesday, December 4th. Finally, Dawson James began coverage on Pluristem Therapeutics in a report on Monday, December 16th. They issued a “buy” rating and a $12.00 target price on the stock. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $9.94.

The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.07. The stock has a market cap of $59.86 million, a price-to-earnings ratio of -1.15 and a beta of 1.11. The company has a 50 day simple moving average of $3.89 and a 200 day simple moving average of $3.55.

Several hedge funds have recently bought and sold shares of the company. Verition Fund Management LLC acquired a new stake in shares of Pluristem Therapeutics in the 2nd quarter valued at approximately $231,000. Jane Street Group LLC increased its position in Pluristem Therapeutics by 28.1% during the 2nd quarter. Jane Street Group LLC now owns 153,322 shares of the biotechnology company’s stock worth $95,000 after purchasing an additional 33,630 shares in the last quarter. Finally, United Capital Financial Advisers LLC increased its position in Pluristem Therapeutics by 37.8% during the 2nd quarter. United Capital Financial Advisers LLC now owns 85,733 shares of the biotechnology company’s stock worth $53,000 after purchasing an additional 23,533 shares in the last quarter. 9.14% of the stock is owned by hedge funds and other institutional investors.

Pluristem Therapeutics Company Profile (NASDAQ:PSTI)

Pluristem Therapeutics Inc, together with its subsidiary, Pluristem Ltd., operates as a bio-therapeutics company in Israel. It focuses on the research, development, clinical trial, and manufacture of cell therapeutic products and related technologies for the treatment of various ischemic, inflammatory, and hematologic conditions, as well as autoimmune disorders.

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