Genmab A/S (GNMSF) Cut to “Hold” at Zacks Investment Research
Genmab A/S (OTCMKTS:GNMSF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “Genmab A/S is a biotechnology company that creates and develops human antibodies for the treatment of life-threatening and debilitating diseases. Genmab has numerous products in development to treat cancer, infectious disease, rheumatoid arthritis and other inflammatory conditions, and intends to continue assembling a broad portfolio of new therapeutic products. In addition, Genmab has developed UniBody, a new proprietary technology that creates a stable, smaller antibody format. Genmab has operations in Europe and the US. “
Separately, JPMorgan Chase & Co. began coverage on shares of Genmab A/S in a research note on Tuesday, June 21st. They issued a “neutral” rating for the company.
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Shares of Genmab A/S (OTCMKTS:GNMSF) remained flat at $158.25 during mid-day trading on Tuesday. The company’s 50 day moving average is $162.19 and its 200 day moving average is $161.78. The stock has a market cap of $9.47 billion, a PE ratio of 94.70 and a beta of 0.76. Genmab A/S has a 52-week low of $93.25 and a 52-week high of $183.00.
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