Arch Therapeutics’ (ARTH) Buy Rating Reiterated at HC Wainwright

Arch Therapeutics Inc (NASDAQ:ARTH)‘s stock had its “buy” rating reaffirmed by investment analysts at HC Wainwright in a research report issued to clients and investors on Monday. They currently have a $3.00 target price on the biotechnology company’s stock. HC Wainwright’s price objective would indicate a potential upside of 276.07% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Roth Capital set a $3.00 price target on Arch Therapeutics and gave the company a “buy” rating in a research note on Thursday, May 25th. ValuEngine raised Arch Therapeutics from a “sell” rating to a “hold” rating in a research note on Saturday, June 3rd. Zacks Investment Research raised Arch Therapeutics from a “sell” rating to a “hold” rating in a research note on Thursday, June 1st. Finally, Ifs Securities reissued an “outperform” rating on shares of Arch Therapeutics in a research note on Tuesday, July 25th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $2.31.

Shares of Arch Therapeutics (NASDAQ:ARTH) traded up 0.44% during trading on Monday, reaching $0.80. The company’s stock had a trading volume of 117,996 shares. Arch Therapeutics has a 12 month low of $0.41 and a 12 month high of $0.89. The company’s 50 day moving average price is $0.74 and its 200 day moving average price is $0.60. The firm’s market cap is $117.62 million.

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About Arch Therapeutics

Arch Therapeutics, Inc is a development-stage company. The Company operates as a biotechnology company. The Company focuses on developing products to stop bleeding (hemostasis) and control leaking (sealant) during surgery and trauma care. The Company’s technology is based on a self-assembling peptide that creates a physical, mechanical barrier, which could be applied to seal organs or wounds that are leaking blood and other fluids.

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