StockNews.com Initiates Coverage on ObsEva (NASDAQ:OBSV)

StockNews.com assumed coverage on shares of ObsEva (NASDAQ:OBSV) in a research note issued to investors on Friday morning. The brokerage issued a hold rating on the stock.

ObsEva Stock Performance

NASDAQ:OBSV opened at $0.10 on Friday. The company has a market capitalization of $7.94 million, a PE ratio of -0.11 and a beta of 0.68. The business’s 50-day moving average price is $0.01. ObsEva has a 1-year low of $0.08 and a 1-year high of $2.14.

ObsEva Company Profile

ObsEva SA is a clinical-stage biopharmaceutical company, which engages in the research and development of therapeutic treatments for women’s reproductive health and pregnancy. It offers biopharmaceutical drugs addressing conditions compromising pregnancy from conception to birth. The company was founded by Ernest Loumaye and André Chollet on November 14, 2012 and is headquartered in Geneva, Switzerland.