Immune Pharmaceuticals (IMNP) Trading -9.1% Higher

Immune Pharmaceuticals Inc (NASDAQ:IMNP) traded up 9.1% during trading on Thursday . The stock traded as high as $0.56 and last traded at $0.50. 1,089,767 shares traded hands during trading, a decline of 56% from the average session volume of 2,468,074 shares. The stock had previously closed at $0.55.

Several equities research analysts have commented on the stock. ValuEngine raised shares of Immune Pharmaceuticals from a “strong sell” rating to a “sell” rating in a research report on Friday, February 2nd. Maxim Group assumed coverage on shares of Immune Pharmaceuticals in a research report on Friday, January 5th. They set a “buy” rating and a $3.00 price target on the stock.

The company has a debt-to-equity ratio of 3.04, a quick ratio of 0.03 and a current ratio of 0.03.

Immune Pharmaceuticals (NASDAQ:IMNP) last issued its quarterly earnings results on Wednesday, November 15th. The biopharmaceutical company reported ($0.34) EPS for the quarter.

An institutional investor recently raised its position in Immune Pharmaceuticals stock. Susquehanna International Group LLP increased its position in Immune Pharmaceuticals Inc (NASDAQ:IMNP) by 41.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 69,805 shares of the biopharmaceutical company’s stock after purchasing an additional 20,488 shares during the quarter. Susquehanna International Group LLP owned approximately 0.69% of Immune Pharmaceuticals worth $215,000 as of its most recent SEC filing. Institutional investors own 1.60% of the company’s stock.

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Immune Pharmaceuticals Company Profile

Immune Pharmaceuticals Inc is a clinical-stage biopharmaceutical company. The Company is engaged in the development and commercialization of targeted therapeutics in the fields of immuno-inflammation and immuno-oncology. The Company’s segment is acquiring, developing and commercializing prescription drug products.

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