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Pharming Group (NASDAQ:PHAR) Shares Gap Up - Here's What Happened

Pharming Group logo with Medical background

Pharming Group (NASDAQ:PHAR - Get Free Report)'s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $11.24, but opened at $12.61. Pharming Group shares last traded at $12.41, with a volume of 3,552 shares.

Analyst Ratings Changes

A number of research firms recently commented on PHAR. HC Wainwright reaffirmed a "buy" rating and set a $37.00 price target on shares of Pharming Group in a research report on Thursday, March 20th. Oppenheimer raised their price target on shares of Pharming Group from $30.00 to $39.00 and gave the stock an "outperform" rating in a research report on Friday, March 14th.

Check Out Our Latest Stock Analysis on Pharming Group

Pharming Group Trading Down 7.8%

The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.76 and a current ratio of 3.53. The stock has a market capitalization of $762.63 million, a P/E ratio of -43.12 and a beta of 0.02. The firm's fifty day simple moving average is $9.14 and its 200 day simple moving average is $8.96.

Pharming Group (NASDAQ:PHAR - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.03. Pharming Group had a negative net margin of 6.09% and a negative return on equity of 7.65%. The firm had revenue of $79.09 million for the quarter, compared to analyst estimates of $67.74 million. As a group, equities research analysts forecast that Pharming Group will post -0.2 EPS for the current fiscal year.

Pharming Group Company Profile

(Get Free Report)

Pharming Group N.V., a biopharmaceutical company, develops and commercializes protein replacement therapies and precision medicines for the treatment of rare diseases in the United States, Europe, and internationally. The company offers RUCONEST, a recombinant C1 esterase inhibitor for the treatment of acute attacks in adult and adolescent patients with acute hereditary angioedema (HAE); and Joenja (leniolisib), an oral small molecule PI3K? inhibitor for the treatment of activated phosphoinositide 3-kinase delta syndrome.

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