KeyCorp Initiates Coverage on Rapid Micro Biosystems (NASDAQ:RPID)

Equities research analysts at KeyCorp started coverage on shares of Rapid Micro Biosystems (NASDAQ:RPID) in a report issued on Wednesday,Briefing.com Automated Import reports. The brokerage set an “overweight” rating and a $8.00 price target on the stock. KeyCorp’s target price suggests a potential upside of 198.51% from the company’s previous close.

Rapid Micro Biosystems Stock Down 5.0 %

Rapid Micro Biosystems stock opened at $2.68 on Wednesday. Rapid Micro Biosystems has a 52 week low of $0.58 and a 52 week high of $3.15. The firm has a market cap of $115.32 million, a price-to-earnings ratio of -2.39 and a beta of 1.26. The business’s 50-day moving average price is $1.36 and its 200 day moving average price is $1.08.

About Rapid Micro Biosystems

Rapid Micro Biosystems, Inc, a life sciences technology company, provides products for the detection of microbial contamination in the manufacture of pharmaceutical, medical devices, and personal care products in the United States, Germany, Switzerland, Japan, and internationally. The company offers Growth Direct platform, which includes Growth Direct system, proprietary consumables, lab information management system connection software, and customer support and validation services.