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IPSEN (OTCMKTS:IPSEY) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

IPSEN logo with Medical background

IPSEN (OTCMKTS:IPSEY - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $29.38 and traded as high as $30.72. IPSEN shares last traded at $30.72, with a volume of 2,563 shares trading hands.

Wall Street Analyst Weigh In

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

Read Our Latest Report on IPSEN

IPSEN Stock Performance

The stock has a 50-day simple moving average of $29.57 and a 200 day simple moving average of $29.38.

IPSEN Increases Dividend

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

IPSEN Company Profile

(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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