Medigene (ETR:MDG1) Shares Up 2.5% – Time to Buy?

Medigene AG (ETR:MDG1Get Free Report)’s stock price shot up 2.5% on Wednesday . The stock traded as high as €1.59 ($1.71) and last traded at €1.58 ($1.70). 6,863 shares traded hands during trading, a decline of 98% from the average session volume of 306,207 shares. The stock had previously closed at €1.54 ($1.66).

Medigene Stock Up 2.5 %

The firm’s 50 day moving average price is €1.58 and its 200-day moving average price is €1.57. The company has a current ratio of 2.39, a quick ratio of 5.85 and a debt-to-equity ratio of 12.95. The company has a market cap of $12.02 million, a P/E ratio of -2.66, a price-to-earnings-growth ratio of 7.12 and a beta of 0.84.

About Medigene

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Medigene AG, a biotechnology company, focuses on the discovery and development of T-cell therapies for the treatment of cancer. The company's end-to-end platform enables the development of T cell receptor engineered T cell (TCR-T) therapies for multiple tumor indications. Its pipeline includes MDG1015, a TCR-T therapy product to treat multiple solid tumor indications; MDG10xx to treat multiple solid tumor; and MDG1011, a TCR-T immunotherapy candidate, which is in clinical development to treat blood cancer.

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