Pharming Group (NASDAQ:PHGUF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The brokerage presently has a $0.25 target price on the stock. Zacks Investment Research’s price target points to a potential downside of 3.85% from the stock’s current price.

According to Zacks, “Pharming Group NV develops innovative therapeutics for the treatment of genetic disorders, specialty products for surgical indications and nutritional products. The advanced technologies of the Company include innovative and validated platforms for the production of protein therapeutics, technology and processes for the purification and formulation of its products. Its primary product Ruconest (R) is a recombinant human C1 inhibitor approved for the treatment of angioedema attacks in patients with hereditary angioedema in the European Union countries, Norway, Iceland and Liechtenstein. Pharming Group NV is headquartered in Leiden, the Netherlands. “

Shares of Pharming Group (NASDAQ:PHGUF) opened at 0.26 on Wednesday. The firm’s market cap is $107.28 million. The firm has a 50 day moving average of $0.00 and a 200 day moving average of $0.00. Pharming Group has a 52 week low of $0.17 and a 52 week high of $0.35.

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Pharming Group Company Profile

Pharming Group NV (Pharming) is a Netherlands-based biotechnology company. The Company operates through two business segments, including Recombinant proteins, and DNage. Pharming focuses on the development, production and commercialization of human therapeutic proteins to be used as innovative therapies.

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