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Diffusion Pharmaceuticals (NASDAQ:DFFN) Upgraded to Buy by HC Wainwright

Defense World ·  Aug 17, 2022 05:11

HC Wainwright upgraded shares of Diffusion Pharmaceuticals (NASDAQ:DFFN – Get Rating) from a neutral rating to a buy rating in a research note published on Tuesday morning, The Fly reports. HC Wainwright currently has $9.50 price objective on the stock.

Separately, StockNews.com upgraded shares of Diffusion Pharmaceuticals from a sell rating to a hold rating in a report on Monday.

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Diffusion Pharmaceuticals Price Performance

NASDAQ DFFN opened at $6.90 on Tuesday. Diffusion Pharmaceuticals has a 12 month low of $5.10 and a 12 month high of $31.50. The firm has a market capitalization of $14.07 million, a PE ratio of -0.56 and a beta of 1.59. The company's 50 day simple moving average is $7.34 and its 200 day simple moving average is $12.46.

Institutional Trading of Diffusion Pharmaceuticals

Large investors have recently added to or reduced their stakes in the business. Trexquant Investment LP bought a new stake in Diffusion Pharmaceuticals during the second quarter worth approximately $71,000. JPMorgan Chase & Co. acquired a new position in Diffusion Pharmaceuticals in the 1st quarter worth approximately $106,000. Finally, Renaissance Technologies LLC boosted its stake in Diffusion Pharmaceuticals by 8.3% in the 1st quarter. Renaissance Technologies LLC now owns 1,324,202 shares of the company's stock worth $331,000 after purchasing an additional 101,100 shares during the period.

About Diffusion Pharmaceuticals

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Diffusion Pharmaceuticals Inc, a biopharmaceutical company, develops novel therapies that enhance the body's ability to deliver oxygen. Its lead product candidate is Trans Sodium Crocetinate that is developed to enhance the diffusion of oxygen to tissues, as well as to treat COVID-19 disease. Diffusion Pharmaceuticals Inc was founded in 2001 and is based in Charlottesville, Virginia.

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