Cleveland BioLabs (CBLI) Rating Lowered to Sell at ValuEngine

Cleveland BioLabs (NASDAQ:CBLI) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Friday.

Shares of Cleveland BioLabs (CBLI) traded up $0.16 on Friday, hitting $2.59. The stock had a trading volume of 47,558 shares, compared to its average volume of 26,222. Cleveland BioLabs has a 1 year low of $1.22 and a 1 year high of $5.55.

Cleveland BioLabs (NASDAQ:CBLI) last issued its earnings results on Tuesday, November 14th. The biotechnology company reported ($0.11) EPS for the quarter. The company had revenue of $0.30 million during the quarter. Cleveland BioLabs had a negative return on equity of 91.87% and a negative net margin of 472.44%.

A hedge fund recently raised its stake in Cleveland BioLabs stock. Virtu KCG Holdings LLC boosted its holdings in shares of Cleveland BioLabs, Inc. (NASDAQ:CBLI) by 275.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,091 shares of the biotechnology company’s stock after purchasing an additional 38,233 shares during the quarter. Virtu KCG Holdings LLC owned approximately 0.46% of Cleveland BioLabs worth $154,000 at the end of the most recent reporting period. 4.36% of the stock is currently owned by hedge funds and other institutional investors.

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About Cleveland BioLabs

Cleveland BioLabs, Inc (CBLI) is a biopharmaceutical company. The Company is engaged in developing approaches to activate the immune system and address serious medical needs. Its platform of Toll-like immune receptor activators has applications in mitigation of radiation injury and immuno-oncology. Its advanced product candidate is Entolimod, an immuno-stimulatory agent, which it is developing as a radiation countermeasure and an immunotherapy for oncology and other indications.

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