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Equities researchers at Oppenheimer initiated coverage on shares of IGI Laboratories (AMEX:IG) in a research report issued on Thursday. The firm set an “outperform” rating on the stock.

Shares of IGI Laboratories (AMEX:IG) traded up 5.76% during mid-day trading on Thursday, hitting $6.79. 2,078,504 shares of the company’s stock traded hands. IGI Laboratories has a 1-year low of $1.80 and a 1-year high of $6.68. The stock has a 50-day moving average of $5.73 and a 200-day moving average of $5.13. The company’s market cap is $356.4 million.

IGI Laboratories, Inc (AMEX:IG) develops, manufactures, fills and packs topical semi-solid and liquid products for cosmetic, cosmeceutical and pharmaceutical customers.

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