Opthea Limited (NASDAQ:OPT - Get Free Report)'s stock price rose 6.1% during trading on Thursday . The company traded as high as $3.81 and last traded at $3.81. Approximately 3,297 shares traded hands during trading, a decline of 87% from the average daily volume of 24,610 shares. The stock had previously closed at $3.59.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group raised Opthea to a "strong-buy" rating in a research note on Tuesday, December 17th.
Read Our Latest Stock Analysis on OPT
Opthea Stock Up 4.0 %
The company's 50 day moving average price is $3.57 and its 200 day moving average price is $3.35.
Hedge Funds Weigh In On Opthea
An institutional investor recently bought a new position in Opthea stock. Jane Street Group LLC acquired a new stake in Opthea Limited (NASDAQ:OPT - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 26,632 shares of the company's stock, valued at approximately $114,000. Hedge funds and other institutional investors own 55.95% of the company's stock.
About Opthea
(
Get Free Report)
Opthea Limited, a clinical stage biopharmaceutical company, engages in the development and commercialization of therapies primarily for eye disease in Australia. The company's development activities are based on the intellectual property portfolio covering Vascular Endothelial Growth Factors (VEGF) VEGF-C, VEGF-D, and VEGF Receptor-3 for the treatment of diseases associated with blood and lymphatic vessel growth, as well as vascular leakage.
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