ASLAN PHARMACEU/ADR (NASDAQ:ASLN) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of ASLAN PHARMACEU/ADR (NASDAQ:ASLN) from a hold rating to a sell rating in a research note issued to investors on Monday morning, Zacks.com reports.

According to Zacks, “ASLAN Pharmaceuticals Limited operates as a clinical-stage biotechnology company. It develops drugs, medicines and novel therapeutics for the treatment of patients with oncology, respiratory and inflammatory diseases. The company’s product portfolio includes Varlitinib, ASLAN004, ASLAN002 and ASLAN003 both are in clinical stage. ASLAN Pharmaceuticals Limited is based in Singapore. “

Separately, HC Wainwright reissued a buy rating and set a $5.00 price objective on shares of ASLAN PHARMACEU/ADR in a research note on Tuesday, July 14th.

Shares of ASLN stock opened at $1.51 on Monday. ASLAN PHARMACEU/ADR has a 12-month low of $0.35 and a 12-month high of $8.18. The stock’s 50-day moving average price is $1.56 and its 200-day moving average price is $1.64. The stock has a market capitalization of $48.40 million, a price-to-earnings ratio of -1.39 and a beta of 2.95.

ASLAN PHARMACEU/ADR (NASDAQ:ASLN) last issued its quarterly earnings data on Monday, July 13th. The company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.01). As a group, research analysts forecast that ASLAN PHARMACEU/ADR will post -0.42 EPS for the current fiscal year.

About ASLAN PHARMACEU/ADR

ASLAN Pharmaceuticals Limited, a clinical-stage oncology-focused biopharmaceutical company, engages in the development of drugs for prevalent cancers. It targets diseases that are prevalent in Asia, and orphan indications in the United States and Europe. The company's lead program, varlitinib, is a reversible small molecule pan-human epidermal growth factor receptor, or pan-HER, inhibitor that targets the human epidermal growth factor receptors HER1, HER2, and HER4.

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