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TheStreet Wire

ADVENTRX Stock Gaps Down On Today's Open (ANX)

By TheStreet Wire 11/11/11 - 08:55 AM EST

Find out if (ANX) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Shares of ADVENTRX Pharmaceuticals (AMEX:ANX) were gapping down Friday morning with an open price 21.5% lower than Thursday's closing price. The stock closed at 93 cents Thursday and opened today's trading at 73 cents.

The average volume for ADVENTRX has been 829,400 shares per day over the past 30 days. ADVENTRX has a market cap of $25.9 million and is part of the health care sector and drugs industry. Shares are down 62.5% year to date as of the close of trading on Thursday.

ADVENTRX Pharmaceuticals, Inc., specialty pharmaceutical company, focuses on acquiring, developing, and commercializing proprietary product candidates. Its lead products include Exelbine or ANX-530, an emulsion formulation of the chemotherapy drug vinorelbine.

TheStreet Ratings rates ADVENTRX as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income and poor profit margins. You can view the full ADVENTRX Ratings Report.

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