Shares of Eyegate Pharmaceuticals, Inc. (NASDAQ:EYEG) traded up 2.5% during trading on Wednesday . The stock traded as high as $1.23 and last traded at $1.16. 265,021 shares changed hands during mid-day trading, an increase of 6% from the average session volume of 249,964 shares. The stock had previously closed at $1.19.

Several analysts have commented on the stock. HC Wainwright set a $6.00 price objective on shares of Eyegate Pharmaceuticals and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Noble Financial reaffirmed a “buy” rating on shares of Eyegate Pharmaceuticals in a research report on Friday, May 19th.

The company’s market cap is $19.61 million. The company has a 50 day moving average of $1.13 and a 200 day moving average of $1.77.

An institutional investor recently raised its position in Eyegate Pharmaceuticals stock. Vanguard Group Inc. grew its stake in shares of Eyegate Pharmaceuticals, Inc. (NASDAQ:EYEG) by 0.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 247,319 shares of the specialty pharmaceutical company’s stock after acquiring an additional 1,988 shares during the quarter. Vanguard Group Inc. owned about 2.27% of Eyegate Pharmaceuticals worth $339,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 12.99% of the company’s stock.

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Eyegate Pharmaceuticals Company Profile

Eyegate Pharmaceuticals, Inc is a clinical-stage specialty pharmaceutical company. The Company is focused on developing and commercializing therapeutics and drug delivery systems for treating diseases of the eye. The Company’s lead product, EGP-437, incorporates a reformulated topically active corticosteroid, dexamethasone phosphate, which is delivered into the ocular tissues through its drug delivery system, the EyeGate II Delivery System.

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