Novus Therapeutics Inc (NASDAQ:NVUS) insider Jon Kuwahara sold 5,276 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $1.95, for a total transaction of $10,288.20. Following the sale, the insider now owns 7,032 shares in the company, valued at approximately $13,712.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
NASDAQ NVUS traded down $0.19 on Thursday, hitting $1.71. 3,000 shares of the stock were exchanged, compared to its average volume of 79,340. The company has a quick ratio of 3.18, a current ratio of 3.18 and a debt-to-equity ratio of 0.03. Novus Therapeutics Inc has a fifty-two week low of $1.52 and a fifty-two week high of $8.61. The stock has a market capitalization of $17.92 million, a PE ratio of -1.14 and a beta of 3.32.
Novus Therapeutics (NASDAQ:NVUS) last issued its earnings results on Tuesday, May 14th. The biopharmaceutical company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.04). On average, equities research analysts expect that Novus Therapeutics Inc will post -1.61 earnings per share for the current fiscal year.
Several analysts have recently issued reports on NVUS shares. Zacks Investment Research lowered shares of Novus Therapeutics from a “hold” rating to a “sell” rating in a research report on Wednesday, February 27th. ValuEngine upgraded shares of Novus Therapeutics from a “hold” rating to a “buy” rating in a research report on Monday, February 25th. Finally, LADENBURG THALM/SH SH reaffirmed a “buy” rating and set a $10.00 target price on shares of Novus Therapeutics in a research note on Wednesday, May 15th.
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Novus Therapeutics Company Profile
Novus Therapeutics, Inc, a pharmaceutical company, focuses on developing products for patients with disorders of ear, nose, and throat. Its lead product is (OP-02), a surfactant-based combination drug product for patients at risk for, or with, otitis media (OM) (middle ear inflammation with or without infection).
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