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Immutep (NASDAQ:IMMP) Stock Price Crosses Below Fifty Day Moving Average - Here's What Happened

Immutep logo with Medical background

Immutep Limited (NASDAQ:IMMP - Get Free Report) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $1.72 and traded as low as $1.61. Immutep shares last traded at $1.68, with a volume of 59,932 shares changing hands.

Immutep Price Performance

The stock's 50-day moving average is $1.70 and its 200-day moving average is $1.89. The company has a debt-to-equity ratio of 0.01, a current ratio of 18.25 and a quick ratio of 18.25.

Hedge Funds Weigh In On Immutep

Several large investors have recently made changes to their positions in the business. XY Capital Ltd boosted its position in shares of Immutep by 52.0% during the 4th quarter. XY Capital Ltd now owns 164,655 shares of the biotechnology company's stock valued at $357,000 after purchasing an additional 56,306 shares in the last quarter. ABC Arbitrage SA acquired a new position in shares of Immutep in the fourth quarter worth about $152,000. Two Sigma Securities LLC acquired a new position in shares of Immutep in the fourth quarter worth about $74,000. OLD Mission Capital LLC acquired a new position in shares of Immutep in the fourth quarter worth about $36,000. Finally, Fortitude Advisory Group L.L.C. acquired a new position in shares of Immutep in the fourth quarter worth about $28,000. Institutional investors own 2.32% of the company's stock.

Immutep Company Profile

(Get Free Report)

Immutep Limited, a clinical-stage biotechnology company, engages in developing novel LAG-3 Immunotherapy for cancer and autoimmune diseases. The company is involved in advancing therapeutics related to Lymphocyte Activation Gene-3 (LAG-3), a cell surface molecule that plays a vital role in regulating the immune system.

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