Maxim Group Downgrades ContraFect Corp(NASDAQ:CFRX)

Brokerage firm Maxim Group Downgrades its rating on ContraFect Corp(NASDAQ:CFRX). Previously, the analysts had a Buy rating on the shares. The rating by Maxim Group was issued on Jul 22, 2016.

In a different note, On May 10, 2016, Roth Capital said it Downgrades its rating on ContraFect Corp. In the research note, the firm Lowers the price-target to $4.00 per share. The shares have been rated ‘Neutral’ by the firm.

ContraFect Corp (CFRX) shares turned negative on Thursdays trading session with the shares closing down -0.01 points or -0.43% at a volume of 20,667. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $2.3999. The peak price level was also seen at $2.3999 while the days lowest was $2.3001. Finally the shares closed at $2.32. The 52-week high of the shares is $5.8 while the 52-week low is $2.0968. According to the latest information available, the market cap of the company is $64 M.

ContraFect Corp(CFRX) last announced its earnings results on May 10, 2016 for Fiscal Year 2016 and Q1.Earnings per share were $-0.32. Analysts had estimated an EPS of $-0.25.

Several Insider Transactions has been reported to the SEC. On Nov 18, 2015, Daniel Couto (SVP Manufacturing & Facilities) sold 2,872 shares at $3.81 per share price.Also, On Mar 3, 2015, Julia P Gregory (CEO) purchased 11,778 shares at $4.61 per share price.

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