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ImmuCell (NASDAQ:ICCC) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

ImmuCell logo with Medical background

Key Points

  • ImmuCell's stock price has recently crossed above its 200-day moving average, trading at $6.65 after hitting a high of $7.02.
  • For the most recent quarter, ImmuCell reported $0.16 earnings per share with revenues of $8.07 million, despite having a negative return on equity.
  • Institutional investors hold 13.47% of ImmuCell's stock, with notable increases in holdings by firms such as Northern Trust Corp and Geode Capital Management.
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ImmuCell Corporation (NASDAQ:ICCC - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.74 and traded as high as $7.02. ImmuCell shares last traded at $6.65, with a volume of 10,965 shares traded.

ImmuCell Stock Performance

The firm has a market capitalization of $60.75 million, a P/E ratio of -95.99 and a beta of 0.30. The firm has a 50-day moving average price of $6.54 and a two-hundred day moving average price of $5.75. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.12 and a quick ratio of 2.21.

ImmuCell (NASDAQ:ICCC - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The biotechnology company reported $0.06 earnings per share for the quarter. ImmuCell had a negative return on equity of 1.02% and a negative net margin of 1.00%.

Institutional Trading of ImmuCell

Several institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in ImmuCell by 4.2% in the second quarter. Geode Capital Management LLC now owns 71,852 shares of the biotechnology company's stock worth $500,000 after purchasing an additional 2,907 shares in the last quarter. Northern Trust Corp increased its holdings in shares of ImmuCell by 51.0% during the fourth quarter. Northern Trust Corp now owns 44,374 shares of the biotechnology company's stock valued at $229,000 after acquiring an additional 14,982 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of ImmuCell during the fourth quarter valued at about $149,000. Finally, Dauntless Investment Group LLC acquired a new position in shares of ImmuCell during the fourth quarter valued at about $676,000. 13.47% of the stock is currently owned by institutional investors.

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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