Aclaris Therapeutics (NASDAQ:ACRS) Trading Up 6.7%

Aclaris Therapeutics Inc (NASDAQ:ACRS) was up 6.7% during mid-day trading on Thursday . The company traded as high as $1.14 and last traded at $1.11, approximately 203,400 shares changed hands during trading. A decline of 71% from the average daily volume of 698,307 shares. The stock had previously closed at $1.04.

A number of analysts recently issued reports on ACRS shares. Zacks Investment Research lowered shares of Aclaris Therapeutics from a “hold” rating to a “sell” rating in a research report on Thursday, February 27th. ValuEngine upgraded shares of Aclaris Therapeutics from a “hold” rating to a “buy” rating in a research report on Tuesday, March 24th. Finally, SVB Leerink reaffirmed an “outperform” rating on shares of Aclaris Therapeutics in a research note on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $6.67.

The company has a market cap of $43.19 million, a PE ratio of -0.28 and a beta of 0.88. The stock’s 50 day simple moving average is $1.14 and its two-hundred day simple moving average is $1.50.

Several hedge funds have recently modified their holdings of the company. Marshall Wace LLP purchased a new position in shares of Aclaris Therapeutics in the 1st quarter valued at $103,000. Oxford Asset Management LLP purchased a new position in shares of Aclaris Therapeutics in the 4th quarter valued at $52,000. UBS Group AG raised its stake in shares of Aclaris Therapeutics by 317.4% in the 4th quarter. UBS Group AG now owns 37,806 shares of the biotechnology company’s stock valued at $71,000 after acquiring an additional 28,749 shares during the period. Barclays PLC raised its stake in shares of Aclaris Therapeutics by 389.9% in the 4th quarter. Barclays PLC now owns 83,853 shares of the biotechnology company’s stock valued at $159,000 after acquiring an additional 66,735 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Aclaris Therapeutics by 18.3% during the 4th quarter. Geode Capital Management LLC now owns 581,183 shares of the biotechnology company’s stock valued at $1,098,000 after purchasing an additional 90,067 shares in the last quarter. 78.20% of the stock is currently owned by institutional investors and hedge funds.

About Aclaris Therapeutics (NASDAQ:ACRS)

Aclaris Therapeutics, Inc, a biopharmaceutical company, focuses on identifying, developing, and commercializing various therapies for dermatological and immuno-inflammatory diseases in the United States. It operates in two segments, Dermatology Therapeutics and Contract Research. The company offers ESKATA, a formulation of high-concentration hydrogen peroxide topical solution for raised seborrheic keratosis, a common non-malignant skin tumor; and RHOFADE, an oxymetazoline hydrochloride cream.

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