Immutep (NASDAQ:IMMP) Stock Price Crosses Below 50-Day Moving Average - Time to Sell?

Immutep Limited (NASDAQ:IMMP - Get Free Report)'s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $2.04 and traded as low as $1.95. Immutep shares last traded at $1.95, with a volume of 33,160 shares trading hands.

Analyst Ratings Changes

Separately, Robert W. Baird boosted their price objective on Immutep from $6.00 to $7.00 and gave the company an "outperform" rating in a research note on Friday, November 15th.

Immutep Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 18.25 and a current ratio of 18.25. The business has a 50 day moving average of $2.04 and a 200-day moving average of $2.10.

Hedge Funds Weigh In On Immutep

A number of institutional investors have recently added to or reduced their stakes in IMMP. Fortitude Advisory Group L.L.C. bought a new position in shares of Immutep during the 4th quarter valued at about $28,000. ABC Arbitrage SA bought a new position in shares of Immutep during the 4th quarter valued at about $152,000. XY Capital Ltd increased its position in shares of Immutep by 108.3% during the 3rd quarter. XY Capital Ltd now owns 108,349 shares of the biotechnology company's stock valued at $239,000 after purchasing an additional 56,344 shares during the last quarter. Finally, Meridian Wealth Management LLC increased its position in shares of Immutep by 4.5% during the 3rd quarter. Meridian Wealth Management LLC now owns 398,450 shares of the biotechnology company's stock valued at $881,000 after purchasing an additional 17,250 shares during the last quarter. 2.32% of the stock is currently owned by institutional investors.

About Immutep

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.