Zacks Investment Research cut shares of Pharming Group (OTCMKTS:PHGUF) from a buy rating to a hold rating in a research note released on Wednesday morning.
According to Zacks, “Pharming Group NV develops innovative therapeutics for the treatment of genetic disorders, specialty products for surgical indications and nutritional products. The advanced technologies of the Company include innovative and validated platforms for the production of protein therapeutics, technology and processes for the purification and formulation of its products. Its primary product Ruconest (R) is a recombinant human C1 inhibitor approved for the treatment of angioedema attacks in patients with hereditary angioedema in the European Union countries, Norway, Iceland and Liechtenstein. Pharming Group NV is headquartered in Leiden, the Netherlands. “
OTCMKTS PHGUF opened at $1.10 on Wednesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.64 and a quick ratio of 1.28. Pharming Group has a twelve month low of $0.90 and a twelve month high of $1.96. The stock has a market capitalization of $609.70 million, a P/E ratio of -6.11 and a beta of 2.81.
Pharming Group N.V., a specialty pharmaceutical company, develops and produces human therapeutic proteins for the treatment of rare diseases and unmet medical needs. The company's lead product is Ruconest, a recombinant human C1 esterase inhibitor that is used for the treatment of angioedema attacks in patients with acute hereditary angioedema (HAE) in Europe, the United States, Israel, European Union countries, Norway, Iceland, and Liechtenstein.
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