Genmab As (GNMSF) Downgraded to “Sell” at Zacks Investment Research
Zacks Investment Research downgraded shares of Genmab As (OTCMKTS:GNMSF) from a hold rating to a sell rating in a research note published on Tuesday.
According to Zacks, “Genmab A/S is a biotechnology company that creates and develops human antibodies for the treatment of life-threatening and debilitating diseases. Genmab has numerous products in development to treat cancer, infectious disease, rheumatoid arthritis and other inflammatory conditions, and intends to continue assembling a broad portfolio of new therapeutic products. In addition, Genmab has developed UniBody, a new proprietary technology that creates a stable, smaller antibody format. Genmab has operations in Europe and the US. “
Separately, JPMorgan Chase & Co. cut shares of Genmab As from an overweight rating to a neutral rating in a research note on Friday, October 6th.
Shares of Genmab As (OTCMKTS GNMSF) remained flat at $$186.75 during midday trading on Tuesday. 126 shares of the stock were exchanged, compared to its average volume of 1,955. The stock has a market capitalization of $11,426.42, a price-to-earnings ratio of 64.62 and a beta of 0.96. Genmab As has a twelve month low of $163.00 and a twelve month high of $239.75.
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About Genmab As
Genmab A/S, a biotechnology company, develops antibody therapeutics for the treatment of cancer in Denmark and internationally. The company markets Arzerra, a human monoclonal antibody for the treatment of chronic lymphocytic leukemia (CCL); and DARZALEX, a human IgG1k monoclonal antibody for the treatment of patients with multiple myeloma (MM).
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