StockNews.com Begins Coverage on Minerva Neurosciences (NASDAQ:NERV)

StockNews.com assumed coverage on shares of Minerva Neurosciences (NASDAQ:NERV) in a report issued on Thursday. The firm issued a sell rating on the biopharmaceutical company’s stock.

Separately, HC Wainwright restated a “neutral” rating and set a $5.00 target price on shares of Minerva Neurosciences in a research report on Wednesday, November 6th.

Minerva Neurosciences Price Performance

Shares of NERV stock opened at $2.21 on Thursday. The company has a market cap of $15.45 million, a PE ratio of -5.02 and a beta of 0.11. Minerva Neurosciences has a 1 year low of $2.06 and a 1 year high of $13.49. The stock’s 50 day simple moving average is $2.37 and its two-hundred day simple moving average is $2.75.

About Minerva Neurosciences

Minerva Neurosciences, Inc, a clinical-stage biopharmaceutical company, focuses on the development and commercialization of product candidates for the treatment of central nervous system diseases. Its lead product candidate is roluperidone (MIN-101) for the treatment of negative symptoms in patients with schizophrenia, currently submitted an New Drug Application (NDA); and MIN-301, a soluble recombinant form of the neuregulin-1b1 protein for the treatment of Parkinson's disease and other neurodegenerative disorders.