Applied DNA Sciences (NASDAQ:APDN) Stock Rating Reaffirmed by Maxim Group

Applied DNA Sciences (NASDAQ:APDN)‘s stock had its “buy” rating reiterated by research analysts at Maxim Group in a report released on Wednesday, reports. They presently have a $8.00 target price on the technology company’s stock. Maxim Group’s price objective would indicate a potential upside of 109.42% from the stock’s current price.

Separately, ValuEngine upgraded shares of Applied DNA Sciences from a “hold” rating to a “buy” rating in a research report on Tuesday.

NASDAQ:APDN opened at $3.82 on Wednesday. The business has a 50 day moving average of $3.56 and a 200 day moving average of $1.18. Applied DNA Sciences has a 1-year low of $3.70 and a 1-year high of $46.60.

In other Applied DNA Sciences news, insider William W. Montgomery bought 75,000 shares of Applied DNA Sciences stock in a transaction that occurred on Wednesday, November 13th. The shares were bought at an average price of $5.24 per share, with a total value of $393,000.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 22.42% of the stock is currently owned by company insiders.

A hedge fund recently bought a new stake in Applied DNA Sciences stock. Wells Fargo & Company MN bought a new stake in Applied DNA Sciences Inc (NASDAQ:APDN) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 108,773 shares of the technology company’s stock, valued at approximately $54,000. Wells Fargo & Company MN owned about 0.30% of Applied DNA Sciences at the end of the most recent quarter.

About Applied DNA Sciences

Applied DNA Sciences, Inc develops and markets plat based or other DNA technology solution in the United States, Europe, and Asia. The company's supply chain security and product authentication solutions include SigNature molecular tags that are ingredients used to fortify brand protection efforts and strengthen supply chain security, as well as mark, track, and convict criminals; SigNature T molecular tags, which are tagging and authentication systems for use in brand protection efforts and raw material source compliance programs; and fiberTyping, a test of native cotton fiber DNA.

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