MEI Pharma (MEIP) Receives Daily Media Impact Rating of 0.11

Headlines about MEI Pharma (NASDAQ:MEIP) have been trending somewhat positive on Friday, according to AlphaOne Sentiment. AlphaOne, a division of Accern, identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. MEI Pharma earned a news impact score of 0.11 on AlphaOne’s scale. AlphaOne also assigned media coverage about the company an impact score of 79 out of 100, meaning that recent media coverage is likely to have an impact on the company’s share price in the near future.

Here are some of the news headlines that may have impacted AlphaOne’s rankings:

Separately, Zacks Investment Research upgraded shares of MEI Pharma from a “hold” rating to a “buy” rating and set a $2.00 target price for the company in a research note on Friday, February 17th.

MEI Pharma (NASDAQ:MEIP) traded down 1.22% during mid-day trading on Friday, reaching $1.62. 136,083 shares of the company’s stock traded hands. MEI Pharma has a 12 month low of $1.23 and a 12 month high of $2.28. The stock has a market capitalization of $59.57 million, a PE ratio of 47.65 and a beta of 1.01. The firm’s 50-day moving average price is $1.59 and its 200 day moving average price is $1.58.

MEI Pharma (NASDAQ:MEIP) last released its quarterly earnings data on Thursday, May 4th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02). The company had revenue of $4.51 million for the quarter, compared to analyst estimates of $5 million. Equities research analysts predict that MEI Pharma will post $0.02 EPS for the current year.

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MEI Pharma Company Profile

MEI Pharma, Inc is an oncology company. The Company is focused on the clinical development of drugs and therapies for treatment of cancer. The Company’s portfolio of clinical drug candidates includes Pracinostat, ME-344 and PWT143. Pracinostat is an orally available histone deacetylase (HDAC) inhibitor indicated for the treatment of advanced hematologic diseases, such as acute myeloid leukemia (AML) and myelodysplastic syndrome (MDS).

5 Day Chart for NASDAQ:MEIP

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