Intec Pharma Ltd (NASDAQ:NTEC) shares dropped 2.5% on Thursday . The stock traded as low as $5.52 and last traded at $5.52, with a volume of 100,849 shares. The stock had previously closed at $5.66.

Separately, Zacks Investment Research lowered Intec Pharma from a “hold” rating to a “sell” rating in a research report on Tuesday, April 26th.

The firm has a 50-day moving average of $4.63 and a 200 day moving average of $4.13. The stock’s market cap is $63.42 million.

Intec Pharma Ltd is an Israel-based drug development company. It is a development stage biopharmaceutical company that develops formulations of drugs using its proprietary gastric retention technology, the Accordion Pill. The Accordion Pill, a novel gastro-retentive delivery system, improves the pharmacokinetics and pharmacodynamics of various drugs.

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