DURECT Corporation (NASDAQ:DRRX) traded at a new 52-week low today of $1.35. This new low was reached on below average trading volume as 117,000 shares traded hands, while the average 30-day volume is approximately 604,000 shares.
DURECT Corporation has overhead space with shares priced $1.37, or 18.9% below the average consensus analyst price target of $1.69.
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.
In the past 52 weeks, DURECT Corporation share prices are bracketed by a current low of $1.35 and a high of $2.95 and is now at $1.37.
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