NovaBay Pharmaceuticals (NYSE:NBY) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of NovaBay Pharmaceuticals (NYSE:NBY) in a report published on Thursday. The firm issued a hold rating on the stock.

Separately, Ascendiant Capital Markets lowered their price target on NovaBay Pharmaceuticals from $8.00 to $0.85 and set a “buy” rating on the stock in a research report on Monday, November 11th.

NovaBay Pharmaceuticals Price Performance

Shares of NovaBay Pharmaceuticals stock opened at $0.50 on Thursday. The firm has a market cap of $2.47 million, a price-to-earnings ratio of -0.01 and a beta of 0.69. NovaBay Pharmaceuticals has a one year low of $0.36 and a one year high of $10.15. The stock’s 50-day moving average is $0.63 and its 200 day moving average is $1.07.

NovaBay Pharmaceuticals Company Profile

NovaBay Pharmaceuticals, Inc, a biopharmaceutical company, develops and sells eyecare, skincare, and wound care products in the United States and internationally. It offers Avenova Spray, a solution for removing foreign materials, including microorganisms and debris from skin around the eye, such as the eyelid; and wound care products, which are used for cleansing and irrigation as part of surgical procedures, as well as treating certain wounds, burns, ulcers, and other injuries under the NeutroPhase and PhaseOne brands.