Aptevo Therapeutics Inc (NASDAQ:APVO) reached a new 52-week high on Tuesday . The company traded as high as $4.56 and last traded at $4.24, with a volume of 118000 shares. The stock had previously closed at $4.23.
A number of equities research analysts have weighed in on the company. ValuEngine downgraded Aptevo Therapeutics from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Piper Jaffray Companies restated an “overweight” rating and issued a $6.00 target price on shares of Aptevo Therapeutics in a research report on Thursday, October 5th.
The stock has a market cap of $99.43 and a price-to-earnings ratio of -2.55. The company has a debt-to-equity ratio of 0.19, a quick ratio of 7.67 and a current ratio of 7.76.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in shares of Aptevo Therapeutics by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,056,729 shares of the biotechnology company’s stock valued at $2,187,000 after buying an additional 78,109 shares in the last quarter. Precept Management LLC bought a new position in shares of Aptevo Therapeutics in the second quarter valued at $1,210,000. Finally, Legal & General Group Plc increased its holdings in shares of Aptevo Therapeutics by 11,751.3% in the second quarter. Legal & General Group Plc now owns 393,701 shares of the biotechnology company’s stock valued at $815,000 after buying an additional 390,379 shares in the last quarter. 32.13% of the stock is currently owned by institutional investors.
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About Aptevo Therapeutics
Aptevo Therapeutics Inc is a biotechnology company. The Company is focused on oncology and hematology therapeutics. The Company is engaged in the discovery, development, commercialization and sale of oncology and hematology therapeutics. The Company’s technology is the ADAPTIR (modular protein technology) platform.
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