Shares of Rockwell Medical Inc. (NASDAQ:RMTI) traded at a new 52-week low today of $0.75. This new low was reached on below average trading volume as 383,000 shares traded hands, while the average 30-day volume is approximately 1.5 million shares.
Rockwell Medical Inc is a US-based fully-integrated biopharmaceutical company targeting end-stage renal disease (ESRD) and chronic kidney disease with its products and services for the treatment of iron deficiency, and hemodialysis. The company’s drug products are Triferic. Triferic is a therapy indicated to replace iron and maintain hemoglobin in adult hemodialysis patients with chronic kidney disease. The company operates in one segment of the hemodialysis market which involves the manufacture, sale, and distribution of hemodialysis products. The majority of the revenue is generated from the United States.
Potential upside of 34.9% exists for Rockwell Medical Inc., based on a current level of $0.76 and analysts’ average consensus price target of $1.02.
In the past 52 weeks, Rockwell Medical Inc. share prices are bracketed by a current low of $0.75 and a high of $2.12 and is now at $0.76.
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