Pharma Mar (PHMMF) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of Pharma Mar (NASDAQ:PHMMF) from a buy rating to a sell rating in a research note released on Saturday.

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 (NASDAQ:PHMMF) traded down 5.63% on Friday, reaching $3.35. 22,600 shares of the company traded hands. Pharma Mar has a one year low of $2.40 and a one year high of $4.80. The firm’s 50 day moving average is $3.87 and its 200 day moving average is $4.20. The company’s market capitalization is $831.14 million.

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