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

Pharming Group NV (OTCMKTS:PHGUFGet Free Report) shares gapped down prior to trading 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.

Pharming Group Stock Performance

The stock has a fifty day moving average of $1.78 and a two-hundred day moving average of $1.61. 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

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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.

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