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Faron Pharmaceuticals Oy (LON:FARN) Stock Price Passes Below 50-Day Moving Average - Here's What Happened

Faron Pharmaceuticals Oy logo with Medical background

Key Points

  • Faron Pharmaceuticals Oy shares fell below their 50-day moving average of GBX 207.59, trading as low as GBX 190 during Monday's trading session.
  • The company's stock is currently down 2.1%, with a market capitalization of £213.83 million and a PE ratio of -707.41.
  • Faron Pharmaceuticals is a clinical-stage biopharmaceutical company focused on developing treatments for significant unmet medical needs, including its investigative immunotherapy, Clevegen (bexmarilimab).
  • Five stocks to consider instead of Faron Pharmaceuticals Oy.

Faron Pharmaceuticals Oy (LON:FARN - Get Free Report)'s stock price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 207.59 ($2.82) and traded as low as GBX 190 ($2.58). Faron Pharmaceuticals Oy shares last traded at GBX 198.80 ($2.70), with a volume of 10,378 shares trading hands.

Faron Pharmaceuticals Oy Stock Performance

The stock has a market cap of £212.71 million, a PE ratio of -703.70 and a beta of 0.36. The company has a debt-to-equity ratio of 922.55, a current ratio of 1.45 and a quick ratio of 1.09. The business has a 50 day moving average price of GBX 206.15 and a two-hundred day moving average price of GBX 207.31.

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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