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Faron Pharmaceuticals Oy (LON:FARN) Shares Cross Below 50-Day Moving Average - What's Next?

Faron Pharmaceuticals Oy logo with Medical background

Faron Pharmaceuticals Oy (LON:FARN - Get Free Report)'s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 216.86 ($2.98) and traded as low as GBX 185 ($2.54). Faron Pharmaceuticals Oy shares last traded at GBX 194.50 ($2.67), with a volume of 20,604 shares traded.

Faron Pharmaceuticals Oy Price Performance

The company has a 50-day moving average of GBX 216.46 and a 200 day moving average of GBX 198.55. The company has a quick ratio of 1.09, a current ratio of 1.45 and a debt-to-equity ratio of 922.55. The stock has a market capitalization of £280.45 million, a PE ratio of -5.59 and a beta of 0.36.

Insider Transactions at Faron Pharmaceuticals Oy

In other news, insider Markku Jalkanen sold 600,000 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of GBX 310 ($4.26), for a total transaction of £1,860,000 ($2,555,998.35). 31.82% of the stock is currently owned by company insiders.

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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