Lipocine Inc (NASDAQ:LPCN) saw unusually-high trading volume on Wednesday . Approximately 1,354,959 shares were traded during trading, an increase of 10% from the previous session’s volume of 1,233,565 shares.The stock last traded at $0.48 and had previously closed at $0.47.
LPCN has been the topic of several recent analyst reports. LADENBURG THALM/SH SH downgraded shares of Lipocine from a “buy” rating to a “neutral” rating in a research note on Monday, November 11th. ValuEngine raised shares of Lipocine from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Finally, HC Wainwright reduced their price objective on shares of Lipocine from $5.00 to $2.00 and set a “hold” rating on the stock in a research note on Monday, November 11th.
The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.61. The firm has a market cap of $12.19 million, a PE ratio of -0.86 and a beta of 0.18. The firm’s 50 day moving average is $0.46 and its 200-day moving average is $1.57.
About Lipocine (NASDAQ:LPCN)
Lipocine Inc, a specialty pharmaceutical company, focuses on the development of pharmaceutical products in the area of men's and women's health. Its primary development programs are based on oral delivery solutions for poorly bioavailable drugs. The company has a portfolio of product candidates designed to produce pharmacokinetic characteristics and facilitate lower dosing requirements, bypass first-pass metabolism in certain cases, reduce side effects, and eliminate gastrointestinal interactions that limit bioavailability.
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