Faron Pharmaceuticals Oy (LON:FARN) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

Faron Pharmaceuticals Oy (LON:FARNGet Free Report)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 186.43 and traded as low as GBX 180. Faron Pharmaceuticals Oy shares last traded at GBX 187.50, with a volume of 3,425 shares.

Faron Pharmaceuticals Oy Stock Performance

The stock has a market cap of £213.57 million, a P/E ratio of -6.94 and a beta of 0.36. The company has a current ratio of 1.45, a quick ratio of 1.09 and a debt-to-equity ratio of 922.55. The stock has a 50 day simple moving average of GBX 186.43 and a 200 day simple moving average of GBX 202.66.

Faron Pharmaceuticals Oy Company Profile

(Get Free Report)

Faron (AIM: FARN, First North: FARON) is a clinical stage biopharmaceutical company developing novel treatments for medical conditions with significant unmet needs. The Company currently has a pipeline based on the receptors involved in regulation of immune response in oncology and organ damage. Clevegen (bexmarilimab), its investigative precision immunotherapy, is a novel anti-Clever-1 antibody with the ability to switch immune suppression to immune activation in various conditions, with potential across oncology, infectious disease and vaccine development.

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