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Innocoll AG’s (NASDAQ:INNL) quiet period will expire on Wednesday, September 3rd. Innocoll AG had issued 6,500,000 shares in its initial public offering on July 25th, American Banking and Market News reports. The total size of the offering was $58,500,000 based on an initial share price of $9.00. During the company’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

A number of analysts have recently weighed in on INNL shares. Analysts at JMP Securities initiated coverage on shares of Innocoll AG in a research note on Tuesday, August 19th. They set a “market outperform” rating and a $18.00 price target on the stock. Separately, analysts at Stifel Nicolaus initiated coverage on shares of Innocoll AG in a research note on Tuesday, August 19th. They set a “buy” rating and a $18.00 price target on the stock. Finally, analysts at Piper Jaffray initiated coverage on shares of Innocoll AG in a research note on Tuesday, August 19th. They set an “overweight” rating and a $14.00 price target on the stock.

Innocoll AG (NASDAQ:INNL) traded down 0.94% during mid-day trading on Tuesday, hitting $8.46. 332 shares of the company’s stock traded hands. Innocoll AG has a 52 week low of $7.70 and a 52 week high of $9.51. The stock’s 50-day moving average is $8.55 and its 200-day moving average is $8.55. The company’s market cap is $4.3 million.

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