Acer Therapeutics Inc (Nasdaq:ACER)
August 1st, 2018
Acer Therapeutics Inc closed Monday up 18.28%, a $3.29 increase to close on $21.29. The stock continues to trade well at 190% of its 52 week low of $7.35. In addition to finishing higher, trading volumes were solid at 2,885% of normal which can indicate investors see opportunities. Be aware that the Piotroski Score1 is calculated to be 2, which is very low as the scale goes from 0-9. This is considered to be a weak score in terms of financial strength.
ACER outperformed the rest of the Healthcare sector which went up 0.05% today.
Acer Therapeutics Inc Info
As of September 19, 2017, Opexa Therapeutics, Inc. was acquired by Acer Therapeutics Inc., in a reverse merger transaction. Opexa Therapeutics, Inc., a biopharmaceutical company, develops personalized immunotherapy to treat multiple sclerosis (MS) and other autoimmune diseases based on its proprietary T-cell technology. The company’s lead product candidate is Tcelna, a T-cell immunotherapy for the treatment of patients with secondary progressive MS. It is also developing OPX-212, an autologous T-cell immunotherapy that is in preclinical development to treat neuromyelitis optica. The company was formerly known as PharmaFrontiers Corp. and changed its name to Opexa Therapeutics, Inc. in June 2006. Opexa Therapeutics, Inc. was founded in 2003 and is headquartered in The Woodlands, Texas.
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(1) The Piotrosky score is used to determine the best value stocks with nine being the best and zero being the worst. It is based on specific aspects of the company’s financial statements, such as positive net income, operating cash flow and asset turnover ratio. A score 0 0 is the worst (Acer Therapeutics Inc’s score is ), and 9 is the best.
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