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

StockNews.com initiated coverage on shares of Minerva Neurosciences (NASDAQ:NERV) in a research report issued to clients and investors on Friday. The brokerage set a “sell” rating on the biopharmaceutical company’s stock.

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

Minerva Neurosciences Trading Down 2.3 %

NERV opened at $2.14 on Friday. The stock has a market capitalization of $14.97 million, a P/E ratio of -4.86 and a beta of 0.11. Minerva Neurosciences has a 12 month low of $2.06 and a 12 month high of $13.49. The firm’s fifty day simple moving average is $2.33 and its 200 day simple moving average is $2.74.

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.