Shares of Otonomy Inc. (NASDAQ:OTIC) traded today at $2.00, breaking its 52-week low. So far today approximately 335,000 shares have been exchanged, as compared to an average 30-day volume of 296,000 shares.
Potential upside of 24.0% exists for Otonomy Inc., based on a current level of $2.04 and analysts’ average consensus price target of $2.53.
In the past 52 weeks, shares of Otonomy Inc. have traded between the current low of $2.00 and a high of $6.98 and is now at $2.04.
Otonomy Inc is a biopharmaceutical company, focuses on the development and commercialization of therapeutics for diseases and disorders of the ear. It offers OTIPRIO, a ciprofloxacin otic suspension for use during tympanostomy tube placement surgery in pediatric patients. The company also develops OTO-104, a sustained-exposure formulation of the steroid dexamethasone for the treatment of Meniere’s disease and other inner ear conditions; and OTO-311, a sustained-exposure formulation for the treatment of tinnitus. All the business activity primarily operates through the region of the United States.
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