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Pharming Group (OTCMKTS:PHGUF) Shares Gap Down - What's Next?

Pharming Group logo with Medical background
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Key Points

  • Pharming Group gapped down 23.7%, opening at $1.2480 after a $1.75 close and last trading at $1.18 on light volume (~3,848 shares).
  • Reported quarterly EPS of ($0.01) on May 7, reflecting weak profitability metrics including a return on equity of 1.08% and a net margin of 0.71%.
  • Market cap and valuation/financials: the company has a market cap of $836.96M and a high P/E of 124.84, but retains solid liquidity (quick ratio 2.03, current ratio 2.59) and moderate leverage (debt/equity 0.39); its flagship product is RUCONEST for hereditary angioedema with a broader rare-disease pipeline.
  • MarketBeat previews the top five stocks to own by June 1st.

Pharming Group NV (OTCMKTS:PHGUF - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $1.75, but opened at $1.2480. Pharming Group shares last traded at $1.18, with a volume of 3,848 shares traded.

Pharming Group Trading Down 23.7%

The company's 50-day moving average is $1.60 and its 200-day moving average is $1.66. The firm has a market cap of $836.96 million, a price-to-earnings ratio of 124.84 and a beta of 0.55. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.03 and a current ratio of 2.59.

Pharming Group (OTCMKTS:PHGUF - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The biotechnology company reported ($0.01) earnings per share (EPS) for the quarter. Pharming Group had a return on equity of 1.08% and a net margin of 0.71%.

About Pharming Group

(Get Free Report)

Pharming Group NV is a Netherlands-based biopharmaceutical company specializing in the development and commercialization of protein replacement therapies for rare diseases. Founded in 1988 and headquartered in Leiden, the company leverages transgenic technology to produce recombinant proteins, with its flagship product RUCONEST (recombinant C1 esterase inhibitor) indicated for the treatment of acute hereditary angioedema (HAE) attacks. RUCONEST is approved and marketed in the United States, Europe and several other territories through partnerships with leading specialty pharmaceutical companies.

Beyond RUCONEST, Pharming maintains a diversified pipeline targeting unmet needs in rare and ultra-rare disorders.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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