Pulmatrix Inc (NASDAQ:PULM) was down 14.4% on Monday . The company traded as low as $0.86 and last traded at $0.77. Approximately 14,193 shares changed hands during trading, a decline of 98% from the average daily volume of 699,788 shares. The stock had previously closed at $0.90.
A number of equities research analysts recently weighed in on PULM shares. HC Wainwright reaffirmed a “buy” rating on shares of Pulmatrix in a report on Monday, November 19th. ValuEngine raised shares of Pulmatrix from a “hold” rating to a “buy” rating in a report on Thursday, November 1st.
The firm has a market cap of $4.74 million, a price-to-earnings ratio of -0.08 and a beta of 1.72.
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About Pulmatrix (NASDAQ:PULM)
Pulmatrix, Inc, a clinical stage biopharmaceutical company, develops inhaled therapies to address serious pulmonary diseases using its inhaled Small Particles Easily Respirable and Emitted (iSPERSE) technology. Its proprietary product pipeline focuses on advancing treatments for serious lung diseases, including Pulmazole, an inhaled anti-fungal for patients with allergic bronchopulmonary aspergillosis; and PUR1800, kinase inhibitor for patients with obstructive lung diseases, including asthma and chronic obstructive pulmonary disease (COPD).
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