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Pharming Group (NASDAQ:PHAR) Trading Down 4.9% - Here's What Happened

Pharming Group logo with Medical background

Pharming Group N.V. Sponsored ADR (NASDAQ:PHAR - Get Free Report) traded down 4.9% during mid-day trading on Tuesday . The company traded as low as $10.46 and last traded at $10.47. 33,193 shares changed hands during trading, an increase of 439% from the average session volume of 6,157 shares. The stock had previously closed at $11.00.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Oppenheimer increased their target price on shares of Pharming Group from $30.00 to $39.00 and gave the stock an "outperform" rating in a report on Friday, March 14th. HC Wainwright restated a "buy" rating and issued a $37.00 price objective on shares of Pharming Group in a research report on Thursday, March 20th.

Check Out Our Latest Report on PHAR

Pharming Group Price Performance

The company has a 50-day moving average of $10.30 and a 200-day moving average of $9.39. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.00 and a current ratio of 2.76. The firm has a market capitalization of $724.52 million, a price-to-earnings ratio of -53.25 and a beta of 0.02.

Pharming Group (NASDAQ:PHAR - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.03. The company had revenue of $79.09 million during the quarter, compared to the consensus estimate of $67.74 million. Pharming Group had a negative net margin of 4.14% and a negative return on equity of 6.01%. As a group, research analysts anticipate that Pharming Group N.V. Sponsored ADR will post -0.2 EPS for the current fiscal year.

About Pharming Group

(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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