Zacks Investment Research Lowers Pharma Mar (PHMMF) to Hold

Zacks Investment Research downgraded shares of Pharma Mar (NASDAQ:PHMMF) from a buy rating to a hold rating in a report issued on Saturday.

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 (NASDAQ PHMMF) opened at 4.17 on Friday. Pharma Mar has a 52-week low of $2.40 and a 52-week high of $4.80. The stock’s market cap is $1.03 billion. The company has a 50-day moving average price of $4.42 and a 200 day moving average price of $4.09.

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