StockNews.com Initiates Coverage on Ayala Pharmaceuticals (NASDAQ:ADXS)

Stock analysts at StockNews.com began coverage on shares of Ayala Pharmaceuticals (NASDAQ:ADXS) in a report released on Saturday. The brokerage set a “sell” rating on the stock.

Ayala Pharmaceuticals Price Performance

ADXS opened at $0.03 on Friday. Ayala Pharmaceuticals has a 52-week low of $0.00 and a 52-week high of $1.49. The company has a market cap of $1.16 million, a P/E ratio of 0.00 and a beta of 1.72. The firm’s 50-day moving average price is $0.04 and its 200-day moving average price is $0.18.

Ayala Pharmaceuticals Company Profile

Ayala Pharmaceuticals, Inc, a clinical-stage oncology company, primarily focuses on developing and commercializing small molecule therapeutics for people living with rare tumors and aggressive cancers. The company's lead candidates under development include AL102, an oral gamma secretase inhibitor for desmoid tumors; and aspacytarabine (BST-236), a novel proprietary anti-metabolite for first line treatment in unfit acute myeloid leukemia.