Gossamer Bio (NASDAQ:GOSS) Downgraded by Zacks Investment Research
According to Zacks, “Gossamer Bio Inc. is a clinical-stage biopharmaceutical company. It focuses on discovering, acquiring, developing and commercializing therapeutics in the areas of immunology, inflammation and oncology. The company’s product pipeline includes GB001, GB002, GB004, GB1275, Autoimmune program and Oncology program which are in clinical stage. Gossamer Bio Inc. is based in San Diego, California. “
NASDAQ GOSS opened at $19.00 on Wednesday. Gossamer Bio has a twelve month low of $15.59 and a twelve month high of $25.06. The company has a quick ratio of 19.79, a current ratio of 19.79 and a debt-to-equity ratio of 0.02. The firm has a market cap of $1.30 billion and a PE ratio of -0.84. The business’s 50-day simple moving average is $20.50.
Several hedge funds and other institutional investors have recently bought and sold shares of GOSS. Bank of Montreal Can acquired a new position in shares of Gossamer Bio during the 1st quarter worth about $25,000. Creative Planning acquired a new position in shares of Gossamer Bio during the 1st quarter worth about $260,000. Rhumbline Advisers acquired a new position in Gossamer Bio in the 1st quarter valued at approximately $271,000. Laurion Capital Management LP acquired a new position in Gossamer Bio in the 1st quarter valued at approximately $542,000. Finally, Tyers Asset Management LLC acquired a new position in Gossamer Bio in the 1st quarter valued at approximately $561,000. 52.76% of the stock is owned by institutional investors and hedge funds.
Gossamer Bio Company Profile
Gossamer Bio, Inc, a clinical-stage biopharmaceutical company, focuses on discovering, acquiring, developing, and commercializing therapeutics in the disease areas of immunology, inflammation, and oncology in the United States. It is developing GB001, an oral antagonist of prostaglandin D2 receptor 2 that is in Phase IIb clinical trial for the treatment of moderate-to-severe eosinophilic asthma, as well as that has completed Phase I clinical trial for chronic rhinosinusitis with nasal polyps, without nasal polyps, and chronic spontaneous urticarial; GB002, a platelet-derived growth factor, receptor kinase inhibitor that is in Phase I clinical trial for the treatment of pulmonary arterial hypertension; GB004, an oral small molecule that has completed Phase I clinical trial for the treatment of inflammatory bowel diseases; and GB1275, an oral small molecule for the treatment of oncology indications.
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