Neurotrope Inc (NASDAQ:NTRP) Given Average Rating of “Hold” by Analysts

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Shares of Neurotrope Inc (NASDAQ:NTRP) have earned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Zacks has also assigned Neurotrope an industry rank of 111 out of 255 based on the ratings given to its competitors.

Separately, Zacks Investment Research cut Neurotrope from a “buy” rating to a “hold” rating in a research note on Friday, November 1st.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Morgan Stanley grew its holdings in shares of Neurotrope by 46.7% during the second quarter. Morgan Stanley now owns 20,402 shares of the company’s stock valued at $164,000 after buying an additional 6,490 shares during the last quarter. Millennium Management LLC acquired a new position in Neurotrope in the 3rd quarter worth approximately $28,000. BlackRock Inc. increased its holdings in Neurotrope by 144.3% in the 2nd quarter. BlackRock Inc. now owns 60,041 shares of the company’s stock worth $482,000 after buying an additional 35,464 shares during the period. Virtu Financial LLC acquired a new position in Neurotrope in the 3rd quarter worth approximately $52,000. Finally, Vanguard Group Inc. increased its holdings in Neurotrope by 21.7% in the 2nd quarter. Vanguard Group Inc. now owns 266,735 shares of the company’s stock worth $2,139,000 after buying an additional 47,609 shares during the period. 10.03% of the stock is owned by institutional investors and hedge funds.

Shares of Neurotrope stock traded up $0.01 during trading on Friday, hitting $1.15. The stock had a trading volume of 2,099 shares, compared to its average volume of 193,199. Neurotrope has a 12 month low of $0.63 and a 12 month high of $8.40. The firm’s fifty day simple moving average is $0.97 and its 200-day simple moving average is $2.68. The stock has a market cap of $14.94 million, a PE ratio of -0.84 and a beta of 1.98.

Neurotrope (NASDAQ:NTRP) last announced its earnings results on Tuesday, November 12th. The company reported ($0.29) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.32) by $0.03.

About Neurotrope

Neurotrope, Inc, a biopharmaceutical company, focuses on the development of a product platform for the treatment of Alzheimer's disease. Its lead product candidate is bryostatin, a natural product isolated from a marine invertebrate organism, a bryozoan called Bugula neritina. The company also develops bryostatin for other neurodegenerative or cognitive diseases and dysfunctions, such as Fragile X syndrome, multiple sclerosis, and niemann-pick type C diseases.

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