Stock analysts at StockNews.com assumed coverage on shares of Organovo (NASDAQ:ONVO – Get Rating) in a research note issued on Wednesday. The brokerage set a “sell” rating on the medical research company’s stock.
Organovo Stock Performance
Shares of NASDAQ:ONVO opened at $1.80 on Wednesday. The business has a fifty day moving average of $1.99 and a 200-day moving average of $1.87. The firm has a market cap of $15.68 million, a PE ratio of -1.31 and a beta of 0.89. Organovo has a twelve month low of $1.37 and a twelve month high of $3.72.
Hedge Funds Weigh In On Organovo
Several large investors have recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in shares of Organovo during the 3rd quarter valued at $30,000. Susquehanna International Group LLP raised its stake in shares of Organovo by 20.9% during the 1st quarter. Susquehanna International Group LLP now owns 61,266 shares of the medical research company’s stock valued at $134,000 after purchasing an additional 10,594 shares during the period. Renaissance Technologies LLC increased its stake in Organovo by 17.3% in the 1st quarter. Renaissance Technologies LLC now owns 131,487 shares of the medical research company’s stock worth $288,000 after acquiring an additional 19,430 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Organovo by 4.9% in the 3rd quarter. Vanguard Group Inc. now owns 283,074 shares of the medical research company’s stock worth $580,000 after acquiring an additional 13,153 shares during the last quarter. 23.07% of the stock is currently owned by institutional investors.
Organovo Holdings, Inc is engaged in the development of bioprinted human tissues that emulate human biology and disease. Its three-dimensional human tissue platform is enabled by its proprietary NovoGen Bioprinters and related technologies for preparing bio-inks and bioprinting multicellular tissues with complex architecture.
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