Cerulean Pharma Inc. (NASDAQ:DARE) shares hit a new 52-week low during trading on Thursday . The company traded as low as $2.76 and last traded at $2.63, with a volume of 75,953 shares traded. The stock had previously closed at $3.25.

Separately, ValuEngine upgraded Cerulean Pharma from a “sell” rating to a “hold” rating in a research report on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $2.55.

The firm’s 50 day moving average is $5.12 and its 200-day moving average is $7.85. The firm’s market cap is $7.63 million.

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Cerulean Pharma Company Profile

Dare Bioscience, Inc, formerly Cerulean Pharma Inc, is a healthcare company. The Company is focused on the development and commercialization of products in women’s reproductive health. Its lead product candidate is Ovaprene, a clinical stage, non-hormonal contraceptive ring. The Company is developing Ovaprene to provide protection over multiple weeks of use and require no intervention at the time of intercourse.

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