Catalyst Biosciences, Inc. (CBIO) Raised to Hold at Zacks Investment Research

Catalyst Biosciences, Inc. (NASDAQ:CBIO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday.

According to Zacks, “Catalyst Biosciences, Inc. is a biopharmaceutical company which focused on creating and developing medicines to address serious medical conditions. The Company’s hemostasis product candidates include CB 813d/PF-0520602, CB 2679d/ISU 304 and FXa. Anti-Complement Product consists of CB 2782 and Ophthalmic which are in clinical different trail. Catalyst Biosciences, Inc., formerly known as Targacept, Inc., is based in South San Francisco, Calif. “

Catalyst Biosciences (NASDAQ:CBIO) traded up 22.90% during midday trading on Monday, hitting $9.50. The stock had a trading volume of 427,626 shares. Catalyst Biosciences has a 1-year low of $0.45 and a 1-year high of $10.95. The stock’s market cap is $114.25 million. The company has a 50-day moving average of $0.61 and a 200-day moving average of $0.93.

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An institutional investor recently raised its position in Catalyst Biosciences stock. Renaissance Technologies LLC increased its stake in Catalyst Biosciences, Inc. (NASDAQ:CBIO) by 105.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 385,450 shares of the biopharmaceutical company’s stock after buying an additional 198,000 shares during the period. Renaissance Technologies LLC owned about 3.21% of Catalyst Biosciences worth $251,000 as of its most recent SEC filing. 33.55% of the stock is currently owned by institutional investors.

Catalyst Biosciences Company Profile

Catalyst Biosciences, Inc, formerly Targacept, Inc, is a clinical-stage biopharmaceutical company. The Company is focused on creating and developing medicines to address serious medical conditions. The Company focuses its product development efforts in the fields of hemostasis, including the treatment of hemophilia and surgical bleeding, and inflammation, including prevention of delayed graft function (DGF) in renal transplants and the treatment of dry age-related macular degeneration (dry AMD), a condition that can cause visual impairment or blindness.

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