Aevi Genomic Medicine (GNMX) Stock Price Up 15%

Aevi Genomic Medicine Inc (NASDAQ:GNMX) rose 15% during trading on Friday . The stock traded as high as $0.26 and last traded at $0.23. Approximately 6,077,987 shares changed hands during mid-day trading, an increase of 41% from the average daily volume of 4,315,754 shares. The stock had previously closed at $0.20.

GNMX has been the subject of several research reports. JMP Securities cut Aevi Genomic Medicine from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 3rd. ValuEngine cut Aevi Genomic Medicine from a “hold” rating to a “sell” rating in a research note on Thursday, December 20th.

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The company has a market cap of $12.95 million, a P/E ratio of -0.27 and a beta of 1.07.

Aevi Genomic Medicine (NASDAQ:GNMX) last released its earnings results on Thursday, November 1st. The biotechnology company reported ($0.12) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.03. As a group, analysts predict that Aevi Genomic Medicine Inc will post -0.55 EPS for the current fiscal year.

A hedge fund recently bought a new stake in Aevi Genomic Medicine stock. Bridgeway Capital Management Inc. bought a new stake in Aevi Genomic Medicine Inc (NASDAQ:GNMX) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 223,500 shares of the biotechnology company’s stock, valued at approximately $275,000. Bridgeway Capital Management Inc. owned 0.35% of Aevi Genomic Medicine as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 19.63% of the company’s stock.

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About Aevi Genomic Medicine (NASDAQ:GNMX)

Aevi Genomic Medicine, Inc, a clinical stage biopharmaceutical company, researches and develops novel therapies for pediatric onset and life-altering diseases in the United States. The company's lead product candidates include AEVI-001, a glutamatergic neuromodulator, which has completed Phase II/III SAGA trial for the treatment of a genetically-defined subset of adolescent attention deficit hyperactivity disorder patients who have genetic mutations that disrupt the mGluR network resulting in glutamate imbalance; and AEVI-002, an anti-LIGHT monoclonal antibody that is in Phase Ib clinical trial for use in severe pediatric onset Crohn's disease.

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