Shares of Intec Pharma Ltd (NASDAQ:NTEC) rose 2.6% during mid-day trading on Thursday . The company traded as high as $6.27 and last traded at $6.20, with a volume of 51,681 shares traded. The stock had previously closed at $6.04.

Separately, Zacks Investment Research raised shares of Intec Pharma from a “sell” rating to a “hold” rating in a report on Thursday, June 2nd.

The firm’s market cap is $70.98 million. The company has a 50-day moving average price of $5.47 and a 200 day moving average price of $4.42.

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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