Basilea Pharmaceutica (OTCMKTS:BPMUF) Shares Gap Up – Here’s Why

Shares of Basilea Pharmaceutica AG (OTCMKTS:BPMUFGet Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $59.29, but opened at $63.25. Basilea Pharmaceutica shares last traded at $63.25, with a volume of 200 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Basilea Pharmaceutica to a “hold” rating in a research note on Wednesday, September 24th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Read Our Latest Stock Report on Basilea Pharmaceutica

Basilea Pharmaceutica Stock Up 6.7%

The company has a 50 day moving average of $62.70 and a 200-day moving average of $61.86.

About Basilea Pharmaceutica

(Get Free Report)

Basilea Pharmaceutica AG, a commercial-stage biopharmaceutical company, focuses on the development of products that address the medical needs in the therapeutic areas of oncology and anti-infectives. The company offers Cresemba, an intravenous and antifungal drug for the treatment of invasive aspergillosis and mucormycosis in the United States, and the European Union.

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