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ProQR Therapeutics (PRQR) Falls: Stock Goes Down 24.8%

ProQR Therapeutics N.V.PRQR saw a big move last session, as the company's shares fell by nearly 25% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for PRQR, as the stock is now down over 36% in the past one-month time frame.

On Nov 23, ProQR Therapeutics announced a delay in top-line data announcement for the ongoing clinical studies in cystic fibrosis (CF). Data is now expected to be released in mid to late 2016.

The biotech company has seen a flat track record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

PRQR currently has a Zacks Rank #3 (Hold).

Investors interested in the Medicine-Biomedicine/Genetic industry may consider better-ranked stock like Baxalta Incorporated BXLT , which carries a Zacks Rank #1 (Strong Buy).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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