DermTech to Explore Strategic Alternatives and Implement Restructuring Plan

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Go back to DermTech to Explore Strategic Alternatives and Implement Restructuring Plan

Lake Street Capital Markets Downgrades DermTech Inc. (DMTK) to Hold

April 19, 2024 7:29 AM EDT

Lake Street Capital Markets analyst Thomas Flaten downgraded DermTech Inc. (NASDAQ: DMTK) from Buy to Hold with a price target of $0.63.

For an analyst ratings summary and ratings history on DermTech Inc. click here. For more ratings news on DermTech Inc. click here.

Shares of DermTech Inc. closed at $0.59 yesterday.

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BTIG Downgrades DermTech Inc. (DMTK) to Neutral

April 19, 2024 6:03 AM EDT

BTIG analyst Sung Ji Nam downgraded DermTech Inc. (NASDAQ: DMTK) from Buy to Neutral.

The analyst comments "After the market close, DermTech announced that it has initiated a formal strategic review process. DMTK will consider all strategic options, including an acquisition, merger, reverse merger, business combination, licensing, sale of assets, or other transaction. In addition, DMTK announced it is again reducing its workforce, this time by 56%, or by ~100 employees. We spoke to the company following its... More