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Equities researchers at Piper Jaffray initiated coverage on shares of Innocoll AG (NASDAQ:INNL) in a research report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating on the stock.

Innocoll AG (NASDAQ:INNL) opened at 8.80 on Tuesday. Innocoll AG has a one year low of $8.00 and a one year high of $9.51. The stock has a 50-day moving average of $8.58 and a 200-day moving average of $8.58. The company’s market cap is $4.5 million.

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