Faron Pharmaceuticals Oy (LON:FARN) Hits New 52-Week Low – Time to Sell?

Faron Pharmaceuticals Oy (LON:FARNGet Free Report)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 37 and last traded at GBX 39.60, with a volume of 7358 shares traded. The stock had previously closed at GBX 41.

Faron Pharmaceuticals Oy Price Performance

The firm has a market cap of £80.34 million, a price-to-earnings ratio of -1.79 and a beta of 1.12. The company has a current ratio of 0.84, a quick ratio of 1.09 and a debt-to-equity ratio of -133.35. The stock’s fifty day moving average price is GBX 41.79 and its 200-day moving average price is GBX 54.42.

About Faron Pharmaceuticals Oy

(Get Free Report)

Faron (AIM: FARN, First North: FARON) is a clinical stage biopharmaceutical company developing novel treatments for medical conditions with significant unmet needs. The Company currently has a pipeline based on the receptors involved in regulation of immune response in oncology and organ damage. Clevegen (bexmarilimab), its investigative precision immunotherapy, is a novel anti-Clever-1 antibody with the ability to switch immune suppression to immune activation in various conditions, with potential across oncology, infectious disease and vaccine development.

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