Shares of DURECT Corporation (NASDAQ:DRRX) traded today at $1.41, breaking its 52-week low. This new low was reached on below average trading volume as 117,000 shares traded hands, while the average 30-day volume is approximately 632,000 shares.
Durect Corp is a biopharmaceutical company. It is engaged in the research, development, and manufacturing of pharmaceutical products. The company develops pharmaceutical products based on two categories which include new chemical entities and proprietary pharmaceutical programs. The company’s pipeline products consist of DUR-928, POSIMIR, and others. Geographically, the company operates in the United States, Europe, Japan, and other countries, of which key revenue is derived from the United States.
DURECT Corporation share prices have moved between a 52-week high of $2.95 and the current low of $1.41 and are currently at $1.48 per share.
DURECT Corporation has overhead space with shares priced $1.48, or 12.4% below the average consensus analyst price target of $1.69.
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