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Safeguard Scientifics (NYSE:SFE) shares hit a new 52-week high during mid-day trading on Tuesday , American Banking News.com reports. The company traded as high as $20.44 and last traded at $20.34, with a volume of 56,621 shares trading hands. The stock had previously closed at $20.22.

Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Safeguard Scientifics from $21.50 to $24.50 in a research note on Tuesday, December 31st.

The stock’s 50-day moving average is $19.29 and its 200-day moving average is $17.25. The company’s market cap is $438.3 million.

Safeguard Scientifics, Inc provides growth capital for entrepreneurial and innovative life sciences and technology companies.

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