ValuEngine Upgrades Aethlon Medical (AEMD) to “Hold”

Aethlon Medical (NASDAQ:AEMD) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Monday, April 2nd.

AEMD stock traded up $0.07 during trading on Monday, hitting $1.39. 338,942 shares of the company’s stock traded hands, compared to its average volume of 484,656. The company has a debt-to-equity ratio of 0.18, a current ratio of 17.03 and a quick ratio of 17.03. Aethlon Medical has a 1 year low of $0.79 and a 1 year high of $3.85.

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Aethlon Medical (NASDAQ:AEMD) last announced its earnings results on Thursday, February 1st. The medical equipment provider reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.04. The firm had revenue of $0.08 million during the quarter, compared to analyst estimates of $0.08 million. sell-side analysts expect that Aethlon Medical will post -0.48 EPS for the current year.

An institutional investor recently bought a new position in Aethlon Medical stock. Cordasco Financial Network purchased a new position in shares of Aethlon Medical (NASDAQ:AEMD) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 203,957 shares of the medical equipment provider’s stock, valued at approximately $230,000. Cordasco Financial Network owned about 1.35% of Aethlon Medical at the end of the most recent quarter. 5.14% of the stock is owned by institutional investors and hedge funds.

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Aethlon Medical Company Profile

Aethlon Medical, Inc, a medical device company, focuses on creating devices that address unmet medical needs in health and biodefense worldwide. The company is developing Aethlon Hemopurifier, a clinical-stage therapeutic device for the single-use removal of life-threatening viruses from the circulatory system of infected individuals.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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