ImmunoPrecise Antibodies Ltd. (NASDAQ:IPA - Get Free Report) shares were up 6% during mid-day trading on Wednesday . The company traded as high as $1.99 and last traded at $1.93. Approximately 1,431,610 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 2,620,055 shares. The stock had previously closed at $1.82.
Analyst Upgrades and Downgrades
A number of analysts have commented on IPA shares. Wall Street Zen upgraded shares of ImmunoPrecise Antibodies to a "sell" rating in a research note on Saturday, May 24th. Benchmark reissued a "speculative buy" rating and set a $3.00 target price on shares of ImmunoPrecise Antibodies in a research report on Tuesday, April 1st. Finally, HC Wainwright restated a "buy" rating and issued a $5.00 target price on shares of ImmunoPrecise Antibodies in a report on Friday, April 11th.
View Our Latest Stock Report on ImmunoPrecise Antibodies
ImmunoPrecise Antibodies Price Performance
The firm has a market cap of $79.16 million, a P/E ratio of -1.49 and a beta of 0.44. The company has a fifty day moving average of $0.93 and a 200-day moving average of $0.61. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.32 and a quick ratio of 2.11.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in ImmunoPrecise Antibodies stock. Baader Bank Aktiengesellschaft acquired a new position in ImmunoPrecise Antibodies Ltd. (NASDAQ:IPA - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 26,961 shares of the company's stock, valued at approximately $29,000. Baader Bank Aktiengesellschaft owned about 0.06% of ImmunoPrecise Antibodies at the end of the most recent quarter. 6.70% of the stock is currently owned by hedge funds and other institutional investors.
ImmunoPrecise Antibodies Company Profile
(
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ImmunoPrecise Antibodies Ltd., together with its subsidiaries, operates as a biotherapeutic research and technology company in Canada and internationally. It provides NonaVac DNA for complex protein classes, including GPCRs and ion channels; and Rapid Prime, a positive monoclonal antibodies for generating anti-idiotypic antibodies, and producing monoclonal antibodies against conformational epitopes.
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