Research Report Initiation on Biotech Stocks -- PTC Therapeutics, Grifols, Puma Biotech, and 22nd Century

Aug 22, 2016, 07:50 ET from Chelmsford Park SA

NEW YORK, August 22, 2016 /PRNewswire/ --

Stock-Callers.com today has issued research reports on PTC Therapeutics Inc. (NASDAQ: PTCT), Grifols S.A. (NASDAQ: GRFS), Puma Biotechnology Inc. (NYSE: PBYI), and 22nd Century Group Inc. (NYSE MKT: XXII). These stocks belong in the Biotech arena, which over the recent weeks has slowly started to bounce back. In the past three months, the NASDAQ Biotech Index has risen 12%, while the S&P 500 has gained 6.9%. Learn more about these stocks by downloading their free report at: http://stock-callers.com/registration

PTC Therapeutics  

Last Friday, South Plainfield, New Jersey headquartered PTC Therapeutics Inc.'s stock fell 1.35%, to close the day at $8.03 with a total volume of 304,155 shares traded. The Company's shares have advanced 10.00% in the last month and 0.37% over the previous three months. The stock is trading 13.90% above its 50-day moving average. Additionally, shares of PTC Therapeutics, which focuses on the discovery, development, and commercialization of orally administered, small molecule drugs that target post-transcriptional control processes, have a Relative Strength Index (RSI) of 61.96.

On July 26th, 2016, research firm Wedbush reiterated its 'Neutral' rating on the Company's stock with a decrease of the target price from $12 a share to $10 a share.

On August 4th, 2016, PTC Therapeutics reported total revenues for Q2 2016 of $15.6 million compared to $6.8 million in the same period of 2015. The change in total revenue was a result of the expanded commercial launch of Translarna, but was partially offset by lower grant revenue. The company's net loss for Q2 2016 was $38.9 million compared to a net loss of $38.4 million for the same period in 2015. The free research report on PTCT is available at: http://stock-callers.com/registration/?symbol=PTCT

Grifols  

Shares in Barcelona, Spain headquartered Grifols S.A. finished Friday's session flat at $16.40. The stock recorded a trading volume of 326,863 shares. The Company's shares have gained 11.56% in the previous three months and 2.19% on an YTD basis. The stock is trading above its 200-day moving average by 3.50%. Furthermore, shares of Grifols, which develops, manufactures, and distributes a range of plasma derivative products primarily in the European Union, Spain, the US, Canada, and internationally, have an RSI of 45.77. The complimentary report on GRFS can be downloaded at: http://stock-callers.com/registration/?symbol=GRFS

Puma Biotechnology  

Los Angeles, California headquartered Puma Biotechnology Inc.'s stock finished 1.32% lower at $50.09 last Friday at the close, with a total volume of 313,281 shares traded. The Company's shares have surged 45.10% in the past month and 56.78% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 31.48% and 7.79%, respectively. Additionally, shares of Puma Biotechnology, which focuses on the development and commercialization of products for the treatment of various forms of cancer, have an RSI of 66.11.

On August 9th, 2016, Puma Biotechnology reported a net loss applicable to common stock of $66.6 million, or $2.05 per share, for Q2 2016, compared to a net loss applicable to common stock of $64.7 million, or $2.01 per share, for Q2 2015. At June 30th, 2016, Puma Biotechnology had cash and cash equivalents of $57.8 million and marketable securities of $85.9 million compared to cash and cash equivalents of $31.6 million and marketable securities of $184.3 million at December 31st, 2015. Visit us today and download our complete research report on PBYI for free at: http://stock-callers.com/registration/?symbol=PBYI

22nd Century Group  

Shares in Clarence, New York headquartered 22nd Century Group Inc. ended last Friday's session 1.85% higher at $1.10. The stock recorded a trading volume of 671,254 shares, which was above its three months average volume of 507,660 shares. The Company's shares have advanced 36.49% in the last month and 42.75% over the previous three months. The stock is trading 27.06% above its 50-day moving average and 9.05% above its 200-day moving average. Moreover, shares of 22nd Century Group, which provides technology that allows for the level of nicotine and other nicotinic alkaloids in tobacco plants to be decreased or increased through genetic engineering and plant breeding, have an RSI of 71.59.

On August 9th, 2016, 22nd Century Group  reported that net sales revenue for Q2 2016 were $2,828,000, an increase of 22.6% over net sales revenue of $2,307,000 for the three months ended June 30th, 2015. The company's net loss for Q2 2016 was $2,902,000, or ($0.04) per share, as compared to a net loss of $1,289,000, or ($0.02) per share, for the year ago period.

On August 11th, 2016, research firm Chardan Capital Markets reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $4.50 a share to $3.50 a share. Get free access to your technical report on XXII at: http://stock-callers.com/registration/?symbol=XXII

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