Assembly Biosciences Inc (ASMB) Director William R. Ringo Sells 1,000 Shares

Assembly Biosciences Inc (NASDAQ:ASMB) Director William R. Ringo sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $45.04, for a total value of $45,040.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Assembly Biosciences Inc (NASDAQ:ASMB) traded down $0.53 during trading on Thursday, hitting $45.75. The company had a trading volume of 96,600 shares, compared to its average volume of 113,750. The stock has a market cap of $788.20, a P/E ratio of -15.40 and a beta of 0.90. Assembly Biosciences Inc has a 52 week low of $11.89 and a 52 week high of $52.37.

A number of research analysts have weighed in on ASMB shares. Zacks Investment Research upgraded Assembly Biosciences from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Wednesday, November 15th. Jefferies Group started coverage on Assembly Biosciences in a report on Wednesday, November 8th. They set a “buy” rating and a $50.00 target price on the stock. BidaskClub downgraded Assembly Biosciences from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. ValuEngine downgraded Assembly Biosciences from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Finally, Chardan Capital reiterated a “buy” rating on shares of Assembly Biosciences in a report on Sunday, September 17th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $40.67.

Several institutional investors have recently bought and sold shares of ASMB. Nationwide Fund Advisors purchased a new stake in shares of Assembly Biosciences in the 2nd quarter worth approximately $161,000. Parametric Portfolio Associates LLC grew its stake in shares of Assembly Biosciences by 13.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 10,078 shares of the biopharmaceutical company’s stock worth $208,000 after buying an additional 1,203 shares during the last quarter. Legal & General Group Plc purchased a new stake in shares of Assembly Biosciences in the 2nd quarter worth approximately $212,000. Wells Fargo & Company MN purchased a new stake in shares of Assembly Biosciences in the 2nd quarter worth approximately $213,000. Finally, State of Wisconsin Investment Board purchased a new stake in shares of Assembly Biosciences in the 2nd quarter worth approximately $227,000. Institutional investors own 62.00% of the company’s stock.

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Assembly Biosciences Company Profile

Assembly Biosciences, Inc is a biotechnology company. The Company is engaged in developing two platform programs, such as a class of oral therapeutics for the treatment of hepatitis B virus (HBV) infection, and a class of oral synthetic live therapeutics, which are designed to restore health to a dysbiotic microbiome.

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