Merrimack Pharmaceuticals (MACK) Getting Somewhat Positive Press Coverage, Study Finds

News headlines about Merrimack Pharmaceuticals (NASDAQ:MACK) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Merrimack Pharmaceuticals earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave headlines about the biopharmaceutical company an impact score of 45.8730961515855 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Several brokerages have recently weighed in on MACK. ValuEngine downgraded shares of Merrimack Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research note on Monday, October 2nd. Robert W. Baird reiterated a “hold” rating and set a $15.00 price objective on shares of Merrimack Pharmaceuticals in a research note on Friday, October 13th. Finally, Zacks Investment Research downgraded shares of Merrimack Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th.

Merrimack Pharmaceuticals (NASDAQ:MACK) traded down $0.10 during midday trading on Friday, reaching $10.74. 100,754 shares of the company’s stock were exchanged, compared to its average volume of 181,500. Merrimack Pharmaceuticals has a 12-month low of $10.04 and a 12-month high of $39.90. The company has a quick ratio of 3.35, a current ratio of 3.35 and a debt-to-equity ratio of 0.45. The company has a market cap of $143.20, a P/E ratio of -1.47 and a beta of 1.72.

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About Merrimack Pharmaceuticals

Merrimack Pharmaceuticals, Inc is a biopharmaceutical company. The Company is engaged in discovering, developing and commercializing medicines consisting of therapeutics paired with companion diagnostics for the treatment of cancer. The Company has one marketed therapeutic oncology product and multiple targeted therapeutic oncology candidates in clinical development.

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