NEW YORK ( TheStreet) -- Nektar Therapeutics (Nasdaq: NKTR) hit a new 52-week low Wednesday as it is currently trading at $4.28, below its previous 52-week low of $4.30 with 372,504 shares traded as of 12:16 p.m. ET. Average volume has been 1.2 million shares over the past 30 days.

Nektar has a market cap of $533.2 million and is part of the health care sector and drugs industry. Shares are down 64.7% year to date as of the close of trading on Tuesday.

Nektar Therapeutics, a clinical-stage biopharmaceutical company, engages in developing a pipeline of drug candidates that utilize its PEGylation and polymer conjugate technology platforms.
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TheStreet Ratings rates Nektar as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full Nektar Ratings Report.

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