Allied Minds (OTCMKTS:ALLWF) Upgraded by Zacks Investment Research to “Buy”

Zacks Investment Research upgraded shares of Allied Minds (OTCMKTS:ALLWF) from a hold rating to a buy rating in a research note published on Thursday, Zacks.com reports. The brokerage currently has $0.50 price target on the stock.

According to Zacks, “Allied Minds plc is a private equity and venture capital firm specializing in pre-seed, seed, start-up and early stage technology investments. It operates primarily in London, United Kingdom; Los Angeles, California; Seattle, California; New York; New York and Washington, DC. Allied Minds plc is based in Boston, Massachusetts. “

OTCMKTS:ALLWF remained flat at $$0.44 during midday trading on Thursday. The company had a trading volume of 500 shares. Allied Minds has a 52 week low of $0.44 and a 52 week high of $0.87. The company’s 50 day simple moving average is $0.44 and its 200-day simple moving average is $0.51.

About Allied Minds

Allied Minds plc is a private equity and venture capital firm specializing in pre-seed, seed, start-up, and early stage technology investments. The firm prefers to invest across all products, services, and industries with a focus on the life science and technology sector including medical devices, diagnostics, biopharmaceuticals, big data, cyber security, communications, semiconductors, and food safety.

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