Bio-Path Holdings, Inc. (BPTH) Hits New 12-Month Low at $0.29

Bio-Path Holdings, Inc. (NASDAQ:BPTH)’s share price hit a new 52-week low on Thursday . The company traded as low as $0.29 and last traded at $0.29, with a volume of 668,305 shares traded. The stock had previously closed at $0.34.

A number of equities analysts recently weighed in on BPTH shares. HC Wainwright restated a “buy” rating and set a $5.00 target price on shares of Bio-Path Holdings in a research report on Tuesday, July 4th. Zacks Investment Research lowered shares of Bio-Path Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th.

The company’s market capitalization is $27.79 million. The firm has a 50-day moving average price of $0.38 and a 200 day moving average price of $0.61.

Bio-Path Holdings (NASDAQ:BPTH) last announced its earnings results on Thursday, May 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. Equities research analysts expect that Bio-Path Holdings, Inc. will post ($0.07) EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in BPTH. Legal & General Group Plc raised its stake in shares of Bio-Path Holdings by 5,474.3% in the second quarter. Legal & General Group Plc now owns 1,773,799 shares of the company’s stock valued at $681,000 after buying an additional 1,741,978 shares during the period. Tower Research Capital LLC TRC purchased a new stake in Bio-Path Holdings during the first quarter worth $105,000. HighTower Advisors LLC raised its stake in Bio-Path Holdings by 9.1% in the first quarter. HighTower Advisors LLC now owns 1,263,070 shares of the company’s stock worth $1,043,000 after buying an additional 105,000 shares during the last quarter. Sabby Management LLC raised its stake in Bio-Path Holdings by 3.5% in the first quarter. Sabby Management LLC now owns 687,398 shares of the company’s stock worth $569,000 after buying an additional 23,352 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Bio-Path Holdings by 1.7% in the first quarter. Bank of New York Mellon Corp now owns 311,645 shares of the company’s stock worth $257,000 after buying an additional 5,172 shares during the last quarter. 19.90% of the stock is currently owned by hedge funds and other institutional investors.

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Bio-Path Holdings Company Profile

Bio-Path Holdings, Inc is a clinical and preclinical stage oncology focused antisense drug development company. The Company utilizes a technology that achieves systemic delivery for target specific protein inhibition for any gene product that is over-expressed in disease. Its drug delivery and antisense technology, DNAbilize, is a platform that uses P-ethoxy, a deoxyribonucleic acid backbone modification.

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