Gain Therapeutics (NASDAQ:GANX) Raised to “Buy” at Zacks Investment Research

Gain Therapeutics (NASDAQ:GANX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, reports. The firm currently has a $9.50 target price on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 24.67% from the stock’s previous close.

According to Zacks, “Gain Therapeutics Inc. is redefining drug discovery with its See-Tx(TM) target identification platform. It involved in identifying and optimizing allosteric binding sites which have never before been targeted. The company is unlocking new treatment options for difficult-to-treat disorders characterized by protein misfolding. Gain Therapeutics Inc. is based in BETHESDA, Md. “

Shares of GANX traded down $0.86 during trading hours on Tuesday, reaching $7.62. The stock had a trading volume of 115,798 shares, compared to its average volume of 107,953. Gain Therapeutics has a 12 month low of $7.35 and a 12 month high of $17.93. The stock’s 50-day moving average is $8.43. The company has a quick ratio of 18.09, a current ratio of 18.09 and a debt-to-equity ratio of 0.02.

Gain Therapeutics (NASDAQ:GANX) last posted its earnings results on Wednesday, August 11th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.03). The firm had revenue of $0.09 million for the quarter. On average, analysts expect that Gain Therapeutics will post -1.3 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in GANX. Jane Street Group LLC purchased a new stake in shares of Gain Therapeutics during the 1st quarter valued at $339,000. Davidson Kempner Capital Management LP bought a new position in Gain Therapeutics during the first quarter valued at about $222,000. Greenlight Capital Inc. bought a new position in Gain Therapeutics during the first quarter valued at about $8,155,000. Millennium Management LLC purchased a new stake in Gain Therapeutics during the first quarter worth about $214,000. Finally, Worth Venture Partners LLC bought a new stake in Gain Therapeutics in the first quarter worth about $232,000. 7.53% of the stock is owned by institutional investors.

About Gain Therapeutics

Gain Therapeutics, Inc, a development stage biotechnology company, engages in developing various therapeutics to treat diseases caused by protein misfolding. It focuses rare genetic diseases and neurological disorders. The company uses its Site-Directed Enzyme Enhancement Therapy platform to discover novel allosteric sites on misfolded proteins and identify proprietary small molecules that bind these sites and restore protein folding, treating the underlying disease.

Featured Story: The Role of a Fiduciary and Individual Investors

Get a free copy of the Zacks research report on Gain Therapeutics (GANX)

For more information about research offerings from Zacks Investment Research, visit

Receive News & Ratings for Gain Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gain Therapeutics and related companies with's FREE daily email newsletter.