Shares of Pulmatrix Inc (NASDAQ:PULM) rose 6.5% during trading on Tuesday . The company traded as high as $1.15 and last traded at $1.15. Approximately 2,096,999 shares traded hands during mid-day trading, an increase of 33% from the average daily volume of 1,574,570 shares. The stock had previously closed at $1.08.
PULM has been the topic of a number of recent research reports. HC Wainwright restated a “buy” rating on shares of Pulmatrix in a research note on Tuesday, April 16th. Zacks Investment Research upgraded Pulmatrix from a “hold” rating to a “buy” rating in a research note on Saturday, April 20th.
The firm has a market capitalization of $8.67 million, a price-to-earnings ratio of -0.23 and a beta of 1.58.
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About Pulmatrix (NASDAQ:PULM)
Pulmatrix, Inc, a clinical stage biopharmaceutical company, develops inhaled therapies to address serious pulmonary diseases using its inhaled Small Particles Easily Respirable and Emitted (iSPERSE) technology. Its proprietary product pipeline focuses on advancing treatments for serious lung diseases, including Pulmazole, an inhaled anti-fungal for patients with allergic bronchopulmonary aspergillosis; and PUR1800, kinase inhibitor for patients with obstructive lung diseases, such as asthma and chronic obstructive pulmonary disease (COPD).
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