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ImmuCell (NASDAQ:ICCC) Share Price Passes Above 200 Day Moving Average - What's Next?

ImmuCell logo with Medical background

Key Points

  • ImmuCell Corporation's stock price has crossed above its 200-day moving average, with a current price of $6.25 compared to the moving average of $5.80.
  • The company reported a quarterly earnings of $0.06 EPS with revenues of $6.45 million and a net margin of 6.23%.
  • Recent institutional activity saw notable increases in share ownership from hedge funds, including a 51.0% increase by Northern Trust Corp.
  • MarketBeat previews top five stocks to own in October.

ImmuCell Corporation (NASDAQ:ICCC - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.80 and traded as high as $6.29. ImmuCell shares last traded at $6.25, with a volume of 15,281 shares changing hands.

ImmuCell Stock Performance

The company has a 50 day moving average price of $6.45 and a 200-day moving average price of $5.83. The company has a current ratio of 3.85, a quick ratio of 1.99 and a debt-to-equity ratio of 0.28. The company has a market cap of $57.92 million, a P/E ratio of 33.69 and a beta of 0.29.

ImmuCell (NASDAQ:ICCC - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The biotechnology company reported $0.06 earnings per share (EPS) for the quarter. ImmuCell had a return on equity of 6.25% and a net margin of 6.23%.The company had revenue of $6.45 million for the quarter.

Hedge Funds Weigh In On ImmuCell

Hedge funds and other institutional investors have recently modified their holdings of the business. Citadel Advisors LLC bought a new stake in ImmuCell during the 4th quarter worth $149,000. Northern Trust Corp grew its position in ImmuCell by 51.0% during the 4th quarter. Northern Trust Corp now owns 44,374 shares of the biotechnology company's stock worth $229,000 after acquiring an additional 14,982 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in ImmuCell by 4.2% during the 2nd quarter. Geode Capital Management LLC now owns 71,852 shares of the biotechnology company's stock worth $500,000 after acquiring an additional 2,907 shares during the last quarter. Institutional investors own 13.47% of the company's stock.

About ImmuCell

(Get Free Report)

ImmuCell Corporation, an animal health company, develops, manufactures, and sells products that enhance the health and productivity of dairy and beef cattle in the United States and internationally. The company operates through two segments, Scours and Mastitis. It offers First Defense, an orally delivered scours preventive product for calves with claims against E.

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