Cleveland BioLabs, Inc. (NASDAQ:CBLI) Cut to “Sell” at ValuEngine

ValuEngine lowered shares of Cleveland BioLabs, Inc. (NASDAQ:CBLI) from a hold rating to a sell rating in a report released on Thursday, June 29th.

Cleveland BioLabs (NASDAQ:CBLI) traded down 3.04% during trading on Thursday, reaching $2.55. The company had a trading volume of 20,618 shares. The stock’s market capitalization is $28.76 million. The firm has a 50-day moving average of $2.99 and a 200-day moving average of $2.54. Cleveland BioLabs has a 1-year low of $1.22 and a 1-year high of $5.55.

Cleveland BioLabs (NASDAQ:CBLI) last announced its quarterly earnings data on Monday, May 15th. The biotechnology company reported ($0.15) earnings per share for the quarter. Cleveland BioLabs had a negative net margin of 111.40% and a negative return on equity of 28.45%. The business had revenue of $0.58 million for the quarter. On average, analysts anticipate that Cleveland BioLabs will post ($0.16) EPS for the current fiscal year.

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Cleveland BioLabs Company Profile

Cleveland BioLabs, Inc (CBLI) is a biopharmaceutical company. The Company is engaged in developing approaches to activate the immune system and address serious medical needs. Its platform of Toll-like immune receptor activators has applications in mitigation of radiation injury and immuno-oncology. Its advanced product candidate is Entolimod, an immuno-stimulatory agent, which it is developing as a radiation countermeasure and an immunotherapy for oncology and other indications.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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