Neonc Technologies (NASDAQ:NTHI) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Neonc Technologies (NASDAQ:NTHI) from a strong sell rating to a hold rating in a research note released on Thursday morning,Zacks reports.

A number of other research firms also recently weighed in on NTHI. Roth Capital assumed coverage on shares of Neonc Technologies in a research note on Thursday, September 24th. They set a “buy” rating on the stock. Weiss Ratings cut shares of Neonc Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, October 21st. BTIG Research reaffirmed a “buy” rating and set a $15.00 price objective on shares of Neonc Technologies in a report on Tuesday, September 8th. Finally, Wall Street Zen upgraded shares of Neonc Technologies from a “sell” rating to a “hold” rating in a research report on Saturday. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.00.

Neonc Technologies Price Performance

Shares of NTHI stock traded up $0.29 during mid-day trading on Thursday, reaching $3.49. The stock had a trading volume of 227,875 shares, compared to its average volume of 114,124. The firm’s 50 day simple moving average is $3.33 and its 200 day simple moving average is $5.38. Neonc Technologies has a one year low of $2.50 and a one year high of $12.00.

Neonc Technologies (NASDAQ:NTHI) last released its quarterly earnings data on Thursday, November 5th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.03).

Insiders Place Their Bets

In related news, CEO Amir Heshmatpour acquired 35,000 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was purchased at an average cost of $3.30 per share, for a total transaction of $115,500.00. Following the completion of the purchase, the chief executive officer directly owned 3,183,000 shares of the company’s stock, valued at $10,503,900. The trade was a 1.11% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas Chen acquired 12,757 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were bought at an average cost of $5.49 per share, with a total value of $70,035.93. Following the completion of the acquisition, the chief executive officer owned 13,705 shares of the company’s stock, valued at approximately $75,240.45. This trade represents a 1,345.68% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired 134,812 shares of company stock worth $530,149 over the last quarter.

Institutional Investors Weigh In On Neonc Technologies

Hedge funds have recently made changes to their positions in the company. Bank of America Corp DE acquired a new position in Neonc Technologies in the second quarter valued at about $1,017,000. BlackRock Inc. bought a new stake in Neonc Technologies during the second quarter worth about $815,000. Westmount Partners LLC increased its holdings in shares of Neonc Technologies by 355.2% during the second quarter. Westmount Partners LLC now owns 197,178 shares of the company’s stock worth $893,000 after buying an additional 153,858 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in shares of Neonc Technologies during the second quarter worth approximately $126,000.

About Neonc Technologies