ProNAi Therapeutics (SRRA) Stock Price Down 5.4%

Shares of ProNAi Therapeutics, Inc. (NASDAQ:SRRA) traded down 5.4% during trading on Tuesday . The stock traded as low as $2.81 and last traded at $3.00. 1,427,200 shares changed hands during trading, an increase of 295% from the average session volume of 361,577 shares. The stock had previously closed at $3.17.

Several analysts have commented on the stock. ValuEngine upgraded shares of ProNAi Therapeutics from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Zacks Investment Research cut shares of ProNAi Therapeutics from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Finally, Jefferies Group upgraded shares of ProNAi Therapeutics from a “hold” rating to a “buy” rating in a research report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $4.00.

ProNAi Therapeutics (NASDAQ:SRRA) last announced its quarterly earnings results on Wednesday, November 8th. The biotechnology company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.03. research analysts expect that ProNAi Therapeutics, Inc. will post -0.85 earnings per share for the current year.

A hedge fund recently bought a new stake in ProNAi Therapeutics stock. FMR LLC purchased a new stake in ProNAi Therapeutics, Inc. (NASDAQ:SRRA) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 197,100 shares of the biotechnology company’s stock, valued at approximately $302,000. FMR LLC owned 0.38% of ProNAi Therapeutics as of its most recent SEC filing. Hedge funds and other institutional investors own 55.57% of the company’s stock.

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About ProNAi Therapeutics

Sierra Oncology, Inc, formerly ProNAi Therapeutics, Inc, is a clinical-stage drug development company. The Company’s lead drug candidate, SRA737, is orally bioavailable small molecule inhibitor of Checkpoint kinase 1 (Chk1), a key cell cycle checkpoint and central regulator of the deoxyribonucleic acid (DNA) Damage Response (DDR) network.

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