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IPSEN (OTCMKTS:IPSEY) Sets New 52-Week High - Time to Buy?

IPSEN logo with Medical background

IPSEN (OTCMKTS:IPSEY - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $32.42 and last traded at $32.42, with a volume of 1582 shares trading hands. The stock had previously closed at $30.79.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of IPSEN in a research report on Wednesday, April 2nd.

View Our Latest Stock Analysis on IPSEN

IPSEN Trading Down 1.8%

The firm's 50-day moving average is $30.05 and its 200 day moving average is $29.57.

IPSEN Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, June 25th. Stockholders of record on Tuesday, June 10th were given a dividend of $0.2896 per share. The ex-dividend date was Monday, June 9th. This is an increase from IPSEN's previous dividend of $0.23. This represents a dividend yield of 0.97%.

About IPSEN

(Get Free Report)

Ipsen SA operates as a biopharmaceutical company worldwide. The company provides drugs in the areas of oncology, neuroscience, and rare diseases. Its product pipeline comprises Cabometyx + Atezolizumab, which is in phase III clinical trial for the treatment of second line metastatic castration-resistant prostate cancer; lenalidomide and rituximab, and Taverik, which is in phase III for the treatment of second line follicular lymphoma; Bylvay, which is in phase III for the treatment of biliary atresia; Dysport, which is in phase III clinical trial for the treatment of chronic and episodic migraine; Fidrisertib, which is in phase II clinical trial for the treatment of fibrodysplasia ossificans progressiva; Elafibranor, which is in phase II for the treatment of primary sclerosing cholangitis, as well as IPN60250; IPN10200, which is in phase II for the treatment of longer-acting neurotoxin aesthetics and therapeutics; IPN60210, which is in phase I clinical trial for the treatment of relapsed/refractory multiple myeloma; and IPN60260 for the treatment of Viral cholestatic disease and is in phase I clinical trial.

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