Zacks Investment Research Downgrades 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 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. “

Shares of Pharma Mar (NASDAQ:PHMMF) opened at 4.4000 on Friday. The company’s market cap is $1.09 billion. The company has a 50-day moving average price of $4.46 and a 200-day moving average price of $4.01. Pharma Mar has a 12-month low of $2.40 and a 12-month high of $4.80.

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