Merrimack Pharmaceuticals Inc (NASDAQ:MACK) reached a new 52-week low during trading on Tuesday . The company traded as low as $9.64 and last traded at $9.66, with a volume of 112344 shares changing hands. The stock had previously closed at $10.01.
Separately, Robert W. Baird reiterated a “hold” rating and set a $12.00 price target on shares of Merrimack Pharmaceuticals in a report on Thursday, March 15th.
The company has a market cap of $137.96, a price-to-earnings ratio of 0.28 and a beta of 1.59.
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Merrimack Pharmaceuticals Company Profile
Merrimack Pharmaceuticals, Inc is a biopharmaceutical company. The Company is engaged in discovering, developing and commercializing medicines consisting of therapeutics paired with companion diagnostics for the treatment of cancer. The Company has one marketed therapeutic oncology product and multiple targeted therapeutic oncology candidates in clinical development.
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