NicOx (OTCMKTS:NICXF) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of NicOx (OTCMKTS:NICXF) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning, reports.

According to Zacks, “Nicox S.A. is an international ophthalmology company developing innovative solutions to help maintain vision and improve ocular health. By leveraging their proprietary expertise in nitric oxide (NO) donation and other technologies, they are developing an extensive portfolio of novel product candidates that target multiple ophthalmic conditions, including glaucoma. Their portfolio includes three programs in development including NCX 470 for intraocular pressure lowering, based on their proprietary NO-donating research platform and NCX 4251, a proprietary formulation of the well-established molecule fluticasone, for acute exacerbations of blepharitis. Their research activities are focused on novel future generation NO-donors including NO-donating phosphodiesterase-5 (PDE5) inhibitors and NO-donating soluble guanylate cyclase (sGC) stimulators (in partnership with Ironwood). “

Separately, ValuEngine raised shares of NicOx from a hold rating to a buy rating in a research note on Thursday, August 1st.

NICXF stock opened at $5.84 on Wednesday. The company’s 50-day simple moving average is $5.12 and its 200-day simple moving average is $5.85. NicOx has a 52-week low of $4.96 and a 52-week high of $8.48.

NicOx Company Profile

Nicox SA, an ophthalmic company, researches, develops, and markets therapies that target various ophthalmic conditions in France and internationally. The company's product pipeline includes VyzultaTM, an intraocular pressure-lowering treatment; and NCX 470, a nitric oxide (NO)-donating candidate to treat glaucoma, as well as stand-alone NO donors for specific applications in ophthalmic diseases.

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