Molecular Partners AG (NASDAQ:MOLN - Get Free Report)'s stock price shot up 7.1% during mid-day trading on Monday . The stock traded as high as $5.44 and last traded at $5.44. 2,138 shares were traded during trading, a decline of 90% from the average session volume of 22,256 shares. The stock had previously closed at $5.08.
Analysts Set New Price Targets
Separately, Leerink Partnrs upgraded Molecular Partners to a "strong-buy" rating in a research note on Monday, October 7th.
Get Our Latest Stock Report on MOLN
Molecular Partners Stock Down 2.4 %
The company's 50-day moving average is $5.66 and its two-hundred day moving average is $5.95. The company has a market capitalization of $214.33 million, a P/E ratio of -2.47 and a beta of 1.00.
About Molecular Partners
(
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Molecular Partners AG, a clinical-stage biotechnology company, develops designed ankyrin repeat proteins therapeutics for the treatment of oncology and virology diseases in Switzerland. The company develops MP0317, a CD40 agonist designed to activate immune cells within the tumor microenvironment by anchoring to fibroblast activation protein that is in Phase I clinical trial; and MP0533, a novel tetra-specific T cell-engaging DARPin for acute myeloid leukemia.
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