Lipocine Inc. (LPCN) Trading Up 2.5%
Shares of Lipocine Inc. (NASDAQ:LPCN) were up 2.5% during mid-day trading on Friday . The company traded as high as $3.74 and last traded at $3.62, with a volume of 76,759 shares trading hands. The stock had previously closed at $3.53.
Separately, Canaccord Genuity reaffirmed a “buy” rating and issued a $6.00 price target on shares of Lipocine in a research note on Wednesday, August 10th.
The company’s market cap is $66.09 million. The company’s 50 day moving average is $3.67 and its 200 day moving average is $7.78.
Lipocine (NASDAQ:LPCN) last issued its quarterly earnings results on Tuesday, August 9th. The specialty pharmaceutical company reported ($0.32) EPS for the quarter, beating the consensus estimate of ($0.37) by $0.05. On average, equities research analysts forecast that Lipocine Inc. will post ($1.31) earnings per share for the current year.
An institutional investor recently raised its position in Lipocine stock. Dimensional Fund Advisors LP raised its position in shares of Lipocine Inc. (NASDAQ:LPCN) by 73.0% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 271,272 shares of the specialty pharmaceutical company’s stock after buying an additional 114,448 shares during the period. Dimensional Fund Advisors LP owned 1.49% of Lipocine worth $3,508,000 at the end of the most recent reporting period.
Lipocine Inc is a specialty pharmaceutical company. The Company is focused on applying its oral drug delivery technology for 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 bioavailable drugs.
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