Zacks Investment Research Upgrades Pharma Mar (OTCMKTS:PHMMF) to Hold

Pharma Mar (OTCMKTS:PHMMFGet Rating) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday, Zacks.com reports.

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 stock opened at $77.00 on Wednesday. Pharma Mar has a 1 year low of $55.47 and a 1 year high of $116.75. The firm’s 50-day simple moving average is $67.65 and its 200-day simple moving average is $66.85.

Pharma Mar Company Profile (Get Rating)

Pharma Mar, SA, a biopharmaceutical company, engages in the research, development, production, and commercialization of bio-active principles of marine origin for use in oncology in Spain, rest of Europe, and internationally. The company operates through three segments: Oncology, Diagnostics, and RNA interference.

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