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Inogen (NASDAQ:INGN) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

Inogen logo with Medical background

Inogen, Inc. (NASDAQ:INGN - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.23 and traded as high as $11.07. Inogen shares last traded at $10.64, with a volume of 340,965 shares changing hands.

Analyst Ratings Changes

Several brokerages have issued reports on INGN. StockNews.com raised Inogen from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Needham & Company LLC reaffirmed a "hold" rating on shares of Inogen in a research report on Thursday, January 30th.

Read Our Latest Stock Report on INGN

Inogen Trading Down 1.2 %

The stock has a market cap of $250.35 million, a price-to-earnings ratio of -4.68 and a beta of 1.02. The stock has a 50-day moving average price of $10.09 and a two-hundred day moving average price of $10.26.

Institutional Trading of Inogen

Institutional investors have recently made changes to their positions in the business. AlphaQuest LLC acquired a new stake in shares of Inogen in the 4th quarter worth $43,000. Meeder Asset Management Inc. acquired a new stake in shares of Inogen in the 4th quarter worth $56,000. Quarry LP acquired a new stake in shares of Inogen in the 3rd quarter worth $59,000. Integrated Quantitative Investments LLC acquired a new stake in Inogen during the 4th quarter worth about $92,000. Finally, Ieq Capital LLC acquired a new stake in Inogen during the 4th quarter worth about $94,000. Institutional investors and hedge funds own 89.94% of the company's stock.

About Inogen

(Get Free Report)

Inogen, Inc, a medical technology company, develops, manufactures, and markets portable oxygen concentrators to patients, physicians and other clinicians, and third-party payors in the United States and internationally. Its oxygen concentrators are used to deliver supplemental long-term oxygen therapy to patients suffering from chronic respiratory conditions.

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