Immune Pharmaceuticals Inc. (IMNP) lost ground during morning trading on September 22 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the health care sector halfway through the trading day. At the lunch break, shares of IMNP have fallen 4.52% to $0.26 after closing the day prior at $0.27. So far, the stock has traded as high as $0.26 and as low as $0.25. Today’s decline has come with about 1.25 million shares changing hands, compared to an average 30-day volume of 3.93 million for Immune Pharmaceuticals Inc.. The price is currently below the 30-day volume weighted average price of $0.26 for IMNP.
The share depreciation gives the company a market capitalization of $21.38 million based upon 79.18 million shares outstanding. It also means that IMNP has a price-to-book ratio of 4.12:1.
In the past 52 weeks, shares of IMNP have traded as low as $0.2 and as high as $1.57. Technical traders will take note that at $0.26, shares of IMNP are trading below their 200-day MA at $0.46 and below their 50-day MA at $0.38. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.
Who is IMNP?
Immune Pharmaceuticals Inc, together with its subsidiaries, is a clinical stage biopharmaceutical company. It is engaged in the development and commercialization of targeted therapeutics for the treatment of inflammatory diseases and cancer. The company’s 12 employees are led by CEO Daniel Gedeon Teper from the corporate headquarters at 430 East 29th Street in New York, NY.
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