Shares of Midatech Pharma PLC (LON:MTPH) hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 77.50 ($1.04) and last traded at GBX 77.50 ($1.04), with a volume of 3,000 shares. The stock had previously closed at GBX 81.50 ($1.10).

Several brokerages recently commented on MTPH. N+1 Singer reaffirmed a “buy” rating and set a GBX 140 ($1.89) price objective on shares of Midatech Pharma PLC in a research note on Monday, May 22nd. Panmure Gordon reaffirmed a “buy” rating and set a GBX 297 ($4.00) price objective on shares of Midatech Pharma PLC in a research note on Monday, May 22nd.

The company has a 50 day moving average of GBX 94.82 and a 200 day moving average of GBX 107.78. The firm’s market cap is GBX 37.74 million.

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About Midatech Pharma PLC

Midatech Pharma PLC is an early-stage biopharmaceutical company that focuses on commercializing and developing products in oncology and other therapeutic areas. The Company’s segments include Pipeline Research and Development, and Commercial. The Pipeline Research and Development segment seeks to develop products using the nanomedicine and sustained release technology platforms.

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