Pharma Mar (NASDAQ:PHMMF) Upgraded by Zacks Investment Research to Buy

Zacks Investment Research upgraded shares of Pharma Mar (NASDAQ:PHMMF) from a hold rating to a buy rating in a research note released on Tuesday, September 12th. The firm currently has $5.00 price target on the stock.

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. “

Pharma Mar (PHMMF) traded down 0.77% during midday trading on Tuesday, hitting $3.85. 250 shares of the company traded hands. Pharma Mar has a 12-month low of $2.40 and a 12-month high of $4.80. The company’s market capitalization is $955.19 million. The stock’s 50-day moving average price is $4.42 and its 200 day moving average price is $4.09.

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