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

StockNews.com initiated coverage on shares of Onconova Therapeutics (NASDAQ:ONTX) in a research report sent to investors on Wednesday morning. The brokerage issued a sell rating on the biopharmaceutical company’s stock.

Onconova Therapeutics Price Performance

The company has a market capitalization of $20.90 million, a P/E ratio of -1.09 and a beta of 1.38. Onconova Therapeutics has a 1 year low of $0.55 and a 1 year high of $1.45. The business has a 50 day simple moving average of $0.83 and a 200 day simple moving average of $0.74.

Onconova Therapeutics Company Profile

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.