Neonc Technologies (NASDAQ:NTHI) Raised to “Hold” at Zacks Research

Neonc Technologies (NASDAQ:NTHI – Get Free Report) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks reports.

NTHI has been the topic of several other reports. BTIG Research reissued a “buy” rating and issued a $15.00 target price on shares of Neonc Technologies in a report on Tuesday, September 8th. Wall Street Zen raised Neonc Technologies from a “sell” rating to a “hold” rating in a research report on Saturday. Roth Capital assumed coverage on Neonc Technologies in a research report on Thursday, September 24th. They issued a “buy” rating for the company. Finally, Weiss Ratings cut shares of Neonc Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, October 21st. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

Get Our Latest Stock Analysis on NTHI

Neonc Technologies Price Performance

Shares of NASDAQ NTHI traded up $0.29 on Thursday, reaching $3.49. 227,875 shares of the company’s stock traded hands, compared to its average volume of 114,124. Neonc Technologies has a 12 month low of $2.50 and a 12 month high of $12.00. The business’s 50 day simple moving average is $3.33 and its two-hundred day simple moving average is $5.38.

Neonc Technologies (NASDAQ:NTHI – Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.03).

Insider Transactions at Neonc Technologies

In other news, CEO Amir F. Heshmatpour purchased 35,000 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was acquired at an average cost of $3.30 per share, for a total transaction of $115,500.00. Following the purchase, the chief executive officer directly owned 3,183,000 shares in the company, valued at $10,503,900. This trade represents a 1.11% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas C. Chen bought 12,757 shares of Neonc Technologies stock in a transaction on Tuesday, August 18th. The shares were acquired at an average cost of $5.49 per share, with a total value of $70,035.93. Following the completion of the acquisition, the chief executive officer owned 13,705 shares of the company’s stock, valued at $75,240.45. The trade was a 1,345.68% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have bought 134,812 shares of company stock worth $530,149.

Institutional Investors Weigh In On Neonc Technologies

A number of hedge funds have recently modified their holdings of the business. Bank of America Corp DE increased its position in Neonc Technologies by 5.0% in the first quarter. Bank of America Corp DE now owns 235,396 shares of the company’s stock worth $1,650,000 after buying an additional 11,108 shares in the last quarter. Westmount Partners LLC lifted its position in shares of Neonc Technologies by 355.2% during the 2nd quarter. Westmount Partners LLC now owns 197,178 shares of the company’s stock valued at $893,000 after buying an additional 153,858 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Neonc Technologies during the 2nd quarter valued at about $815,000. Finally, Global Retirement Partners LLC bought a new position in shares of Neonc Technologies during the 2nd quarter valued at approximately $126,000.

Neonc Technologies Company Profile

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Further Reading

Analyst Recommendations for Neonc Technologies (NASDAQ:NTHI)

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