Shares of Candel Therapeutics, Inc. (NASDAQ:CADL – Get Rating) fell 5.3% during mid-day trading on Wednesday . The company traded as low as $3.20 and last traded at $3.21. 6,148 shares were traded during trading, a decline of 82% from the average session volume of 33,482 shares. The stock had previously closed at $3.39.
Wall Street Analyst Weigh In
Separately, Credit Suisse Group lowered their price objective on shares of Candel Therapeutics to $11.00 in a research report on Monday, August 15th.
Get Candel Therapeutics alerts:Candel Therapeutics Stock Down 5.3 %
The company has a debt-to-equity ratio of 0.34, a quick ratio of 14.86 and a current ratio of 14.86. The stock has a market capitalization of $92.74 million, a P/E ratio of -3.96 and a beta of 0.95. The stock's fifty day simple moving average is $3.41 and its two-hundred day simple moving average is $3.81.
Institutional Investors Weigh In On Candel Therapeutics
Institutional investors have recently added to or reduced their stakes in the business. Empirical Asset Management LLC bought a new stake in shares of Candel Therapeutics in the 1st quarter valued at $61,000. Kestra Advisory Services LLC bought a new stake in shares of Candel Therapeutics in the 1st quarter valued at $64,000. 683 Capital Management LLC bought a new stake in shares of Candel Therapeutics in the 4th quarter valued at $320,000. BlackRock Inc. boosted its stake in shares of Candel Therapeutics by 15.5% in the 1st quarter. BlackRock Inc. now owns 132,322 shares of the company's stock valued at $674,000 after purchasing an additional 17,708 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of Candel Therapeutics in the 2nd quarter valued at $2,408,000. 21.97% of the stock is owned by institutional investors.Candel Therapeutics Company Profile
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Candel Therapeutics, Inc, a clinical stage biopharmaceutical company, engages in the development immunotherapies for the cancer patients. The company develops CAN-2409, which is in Phase II clinical trails for the treatment of pancreatic cancer; Phase III clinical trials for the treatment of prostate cancer; and Phase II clinical trials for the treatment of lung cancer, as well as has completed Phase Ib/II clinical trials for the treatment of high-grade glioma.
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