NightHawk Biosciences, Inc. (NYSE:NHWK – Get Rating) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.99 and traded as low as $0.77. NightHawk Biosciences shares last traded at $0.78, with a volume of 113,286 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Maxim Group downgraded NightHawk Biosciences from a “buy” rating to a “hold” rating in a report on Monday, April 3rd.
NightHawk Biosciences Stock Down 1.6 %
The firm has a market capitalization of $20.25 million, a P/E ratio of -0.42 and a beta of 0.50. The company’s fifty day simple moving average is $0.78 and its 200 day simple moving average is $0.99. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.09.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in NHWK. Bank of New York Mellon Corp purchased a new stake in NightHawk Biosciences in the third quarter worth approximately $25,000. Edmond DE Rothschild Holding S.A. purchased a new stake in NightHawk Biosciences during the third quarter valued at $25,000. Renaissance Technologies LLC bought a new position in NightHawk Biosciences in the third quarter valued at about $35,000. Virtu Financial LLC purchased a new position in NightHawk Biosciences in the fourth quarter worth about $53,000. Finally, Millennium Management LLC purchased a new stake in shares of NightHawk Biosciences during the 4th quarter valued at about $54,000. Institutional investors own 9.52% of the company’s stock.
About NightHawk Biosciences
NightHawk Biosciences, Inc, an integrated biopharmaceutical company, engages in the development of immune therapies and vaccines. The company's therapies are used to modulate the immune system against various diseases, including cancer and infectious diseases. Its gp96 platform, including ImPACT, an allogenic cell-based, T-cell-stimulating platform that functions as an immune activator to stimulate and expand T-cells; and ComPACT, which delivers antigen driven T-cell activation and specific co-stimulation in a single product.
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