OTIC - Shares of Otonomy Inc. (OTIC) Surpass 52-Week Low
Otonomy Inc. (NASDAQ:OTIC) traded today at a new 52-week low of $1.66. Approximately 335,000 shares have changed hands today, as compared to an average 30-day volume of 345,000 shares.
Otonomy Inc. share prices have moved between a 52-week high of $6.98 and the current low of $1.66 and are currently at $1.73 per share.
There is potential upside of 19.7% for shares of Otonomy Inc. based on a current price of $1.73 and an average consensus analyst price target of $2.07.
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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