Applied DNA Sciences (NASDAQ:APDN) Given Buy Rating at Maxim Group

Applied DNA Sciences (NASDAQ:APDN)‘s stock had its “buy” rating reaffirmed by equities research analysts at Maxim Group in a research note issued on Wednesday, reports. They currently have a $8.00 price target on the technology company’s stock. Maxim Group’s target price indicates a potential upside of 109.42% from the company’s previous close.

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

Shares of NASDAQ APDN opened at $3.82 on Wednesday. The firm’s 50-day moving average price is $3.56 and its 200-day moving average price is $1.18. Applied DNA Sciences has a 52-week low of $3.70 and a 52-week high of $46.60.

In related news, insider William W. Montgomery bought 75,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was acquired at an average price of $5.24 per share, with a total value of $393,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 22.42% of the company’s stock.

A hedge fund recently bought a new stake in Applied DNA Sciences stock. Wells Fargo & Company MN bought a new position in Applied DNA Sciences Inc (NASDAQ:APDN) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Applied DNA Sciences Company Profile

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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