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Immutep (NASDAQ:IMMP) Share Price Crosses Below 50-Day Moving Average - What's Next?

Immutep logo with Medical background
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Shares of Immutep Limited (NASDAQ:IMMP - Get Free Report) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $1.90 and traded as low as $1.76. Immutep shares last traded at $1.76, with a volume of 110,154 shares trading hands.

Immutep Stock Down 6.8 %

The company has a current ratio of 18.25, a quick ratio of 18.25 and a debt-to-equity ratio of 0.01. The stock's fifty day moving average is $1.88 and its two-hundred day moving average is $1.98.

Institutional Trading of Immutep

Hedge funds have recently bought and sold shares of the company. XY Capital Ltd raised its holdings in shares of Immutep by 52.0% during the fourth quarter. XY Capital Ltd now owns 164,655 shares of the biotechnology company's stock valued at $357,000 after acquiring an additional 56,306 shares during the period. ABC Arbitrage SA acquired a new stake in Immutep during the 4th quarter valued at $152,000. Two Sigma Securities LLC acquired a new stake in Immutep during the 4th quarter valued at $74,000. OLD Mission Capital LLC acquired a new stake in shares of Immutep in the fourth quarter worth $36,000. Finally, Fortitude Advisory Group L.L.C. acquired a new stake in shares of Immutep in the fourth quarter worth $28,000. 2.32% of the stock is owned by hedge funds and other institutional investors.

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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