Faron Pharmaceuticals Oy (LON:FARN) Hits New 1-Year Low – What’s Next?

Shares of Faron Pharmaceuticals Oy (LON:FARNGet Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 35.70 and last traded at GBX 35.70, with a volume of 53907 shares trading hands. The stock had previously closed at GBX 39.50.

Faron Pharmaceuticals Oy Price Performance

The stock’s fifty day moving average is GBX 40.78 and its two-hundred day moving average is GBX 44.01. The stock has a market capitalization of £77.09 million, a P/E ratio of -1.72 and a beta of 1.12. The company has a debt-to-equity ratio of 155.01, a current ratio of 2.40 and a quick ratio of 1.09.

About Faron Pharmaceuticals Oy

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Faron (AIM: FARN, First North: FARON) is a clinical stage biopharmaceutical company developing novel treatments for medical conditions with significant unmet needs. The Company currently has a pipeline based on the receptors involved in regulation of immune response in oncology and organ damage. Clevegen (bexmarilimab), its investigative precision immunotherapy, is a novel anti-Clever-1 antibody with the ability to switch immune suppression to immune activation in various conditions, with potential across oncology, infectious disease and vaccine development.

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