Pharming Group (OTCMKTS:PHGUF) Shares Gap Down – Here’s What Happened

Pharming Group NV (OTCMKTS:PHGUFGet Free Report)’s share price gapped down before the market opened on Friday . The stock had previously closed at $1.70, but opened at $1.51. Pharming Group shares last traded at $1.51, with a volume of 1,000 shares changing hands.

Pharming Group Stock Performance

The business’s 50 day simple moving average is $1.78 and its two-hundred day simple moving average is $1.60. The firm has a market capitalization of $1.01 billion, a PE ratio of 151.15 and a beta of 0.42. The company has a current ratio of 3.16, a quick ratio of 2.39 and a debt-to-equity ratio of 0.46.

About Pharming Group

(Get Free Report)

Pharming Group NV is a Netherlands-based biopharmaceutical company specializing in the development and commercialization of protein replacement therapies for rare diseases. Founded in 1988 and headquartered in Leiden, the company leverages transgenic technology to produce recombinant proteins, with its flagship product RUCONEST (recombinant C1 esterase inhibitor) indicated for the treatment of acute hereditary angioedema (HAE) attacks. RUCONEST is approved and marketed in the United States, Europe and several other territories through partnerships with leading specialty pharmaceutical companies.

Beyond RUCONEST, Pharming maintains a diversified pipeline targeting unmet needs in rare and ultra-rare disorders.

Read More

Receive News & Ratings for Pharming Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pharming Group and related companies with MarketBeat.com's FREE daily email newsletter.