Acasti Pharma, Inc (ACST): B. Riley analyst Mayank Mamtani says Aca...

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Acasti Pharma, Inc (ACST)

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Tuesday, 12/24/2019 9:45:29 AM

Tuesday, December 24, 2019 9:45:29 AM

B. Riley analyst Mayank Mamtani says Acasti Pharma's (NASDAQ:ACST) 24% pullback yesterday was "unwarranted" as the delay in CaPre drug data is likely "inconsequential" to the anticipated study results.

Yesterday, Acasti announced it will now report top-line results for the Trilogy 1 Phase 3 trial in January 2020 due to an unexpected delay in data processing.

Mamtani also notes ACST's "incrementally improved balance sheet," which limits the "post-data financing overhang."

B. Riley maintains a Buy rating and $8 PT on ACST. The company has a Very Bullish average Sell Side rating.

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Recent ACST News

Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 05/10/2024 08:11:36 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 11:19:39 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 11:19:20 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 11:19:03 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 11:18:46 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 11:18:18 PM
Form 8-K - Current report • Edgar (US Regulatory) • 02/12/2024 01:00:13 PM
Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/12/2024 12:30:29 PM
Form 8-K - Current report • Edgar (US Regulatory) • 01/08/2024 12:30:07 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/20/2023 09:08:54 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/20/2023 09:08:23 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/20/2023 09:05:27 PM
Form 8-K - Current report • Edgar (US Regulatory) • 12/15/2023 12:30:09 PM
Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 12:30:28 PM
Form 8-K - Current report • Edgar (US Regulatory) • 10/23/2023 08:30:18 PM
Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 10/16/2023 08:31:51 PM
Form 8-K - Current report • Edgar (US Regulatory) • 10/11/2023 08:30:09 PM
Form S-3 - Registration statement under Securities Act of 1933 • Edgar (US Regulatory) • 10/06/2023 08:30:52 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/27/2023 11:46:45 PM
Form 8-K - Current report • Edgar (US Regulatory) • 09/26/2023 12:10:09 PM

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