Molecular Partners (NASDAQ:MOLN) Stock Price Down 0.6% – What’s Next?

Molecular Partners AG (NASDAQ:MOLNGet Free Report) shares dropped 0.6% during trading on Tuesday . The stock traded as low as $5.36 and last traded at $5.36. Approximately 6,640 shares changed hands during mid-day trading, a decline of 12% from the average daily volume of 7,505 shares. The stock had previously closed at $5.39.

Analyst Upgrades and Downgrades

Separately, Leerink Partnrs raised shares of Molecular Partners to a “strong-buy” rating in a research report on Monday, October 7th.

View Our Latest Research Report on MOLN

Molecular Partners Price Performance

The stock has a market cap of $216.35 million, a price-to-earnings ratio of -2.49 and a beta of 1.05. The firm has a fifty day moving average of $5.44 and a 200 day moving average of $5.75.

Molecular Partners Company Profile

(Get Free Report)

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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