StockNews.com Initiates Coverage on Onconova Therapeutics (NASDAQ:ONTX)

Analysts at StockNews.com assumed coverage on shares of Onconova Therapeutics (NASDAQ:ONTX) in a research note issued to investors on Thursday. The firm set a “sell” rating on the biopharmaceutical company’s stock.

Onconova Therapeutics Price Performance

Onconova Therapeutics has a 1-year low of $0.55 and a 1-year high of $1.45. The company has a market cap of $20.90 million, a price-to-earnings ratio of -1.09 and a beta of 1.38. The firm’s 50 day moving average price is $0.85 and its two-hundred day moving average price is $0.74.

About Onconova Therapeutics

Onconova Therapeutics, Inc, a clinical-stage biopharmaceutical company, focuses on discovering and developing novel products to treat cancer in the United States. It has two clinical-stage programs, including narazaciclib, a multi-targeted kinase inhibitor that is in Phase I study for solid tumors, as well as hematological malignancies as a single agent or in combination with other anti-cancer therapies; and oral rigosertib alone or in combination with PD-1 inhibitor, which is in Phase I/IIa study for the treatment of progressive K-Ras mutated non-small cell lung cancer.