StockNews.com Initiates Coverage on Aeterna Zentaris (NASDAQ:AEZS)

Investment analysts at StockNews.com assumed coverage on shares of Aeterna Zentaris (NASDAQ:AEZS) (TSE:AEZ) in a research note issued to investors on Sunday. The brokerage set a “sell” rating on the biopharmaceutical company’s stock.

Aeterna Zentaris Trading Up 3.8 %

Shares of NASDAQ:AEZS opened at $3.00 on Friday. The company has a fifty day simple moving average of $2.98 and a 200 day simple moving average of $4.08. The firm has a market cap of $5.38 million, a PE ratio of -0.20 and a beta of 1.55. Aeterna Zentaris has a 12-month low of $3.96 and a 12-month high of $12.00.

Aeterna Zentaris Company Profile

Aeterna Zentaris Inc, a specialty biopharmaceutical company, engages in developing and commercializing therapeutics and diagnostic tests in Canada, Switzerland, Ireland, Denmark, Germany, the United States, and internationally. Its lead product is Macrilen (macimorelin), an orally available peptidomimetic ghrelin receptor (GHSR-1a) agonist that stimulates the secretion of growth hormone by binding to the GHSR-1a for the diagnosis of patients with adult growth hormone deficiency and childhood-onset growth hormone deficiency, as well as endocrinology and oncology indications; AEZS-150, a delayed clearance parathyroid hormone fusion polypeptide that is in preclinical trial for the treatment of chronic hypoparathyroidism; and AEZS-130 that is in preclinical trial for the treatment of amyotrophic lateral sclerosis.