Zacks Investment Research Lowers Pharma Mar (PHMMF) to Hold
Pharma Mar (NASDAQ:PHMMF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
According to Zacks, “Pharma Mar SA is a biopharmaceutical company. It engaged in the discovery and development of marine-derived anticancer drugs. The company’s product pipeline consists of PM1183, plitidepsin, and PM184 which are in clinical trial stage. It operates primarily in Germany, Italy, France, Switzerland, United Kingdom, Belgium and the United States. Pharma Mar SA is headquartered in Madrid, Spain. “
Pharma Mar (PHMMF) opened at 4.50 on Friday. Pharma Mar has a 12-month low of $2.22 and a 12-month high of $4.80. The company’s market cap is $1.12 billion. The stock’s 50 day moving average is $4.47 and its 200-day moving average is $3.88.
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