Dipexium Pharmaceuticals Inc. (DPRX) Reaches New 52-Week High at $15.40
Dipexium Pharmaceuticals Inc. (NASDAQ:DPRX)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $15.40 and last traded at $15.20, with a volume of 30,143 shares traded. The stock had previously closed at $14.70.
Separately, Zacks Investment Research cut Dipexium Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Tuesday, May 24th.
The firm’s market cap is $158.93 million. The stock has a 50-day moving average price of $12.51 and a 200-day moving average price of $10.73.
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Dipexium Pharmaceuticals (NASDAQ:DPRX) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.52) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.54) by $0.02. On average, equities analysts anticipate that Dipexium Pharmaceuticals Inc. will post ($2.10) earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in DPRX. Lombard Odier Asset Management USA Corp bought a new position in shares of Dipexium Pharmaceuticals during the second quarter worth approximately $1,507,000. Raymond James & Associates acquired a new stake in shares of Dipexium Pharmaceuticals during the second quarter worth $312,000. Timpani Capital Management LLC raised its stake in shares of Dipexium Pharmaceuticals by 45.4% in the second quarter. Timpani Capital Management LLC now owns 64,124 shares of the company’s stock worth $635,000 after buying an additional 20,014 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of Dipexium Pharmaceuticals by 19.6% in the second quarter. BlackRock Fund Advisors now owns 15,674 shares of the company’s stock worth $155,000 after buying an additional 2,568 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Dipexium Pharmaceuticals by 8.7% in the second quarter. Vanguard Group Inc. now owns 158,297 shares of the company’s stock worth $1,569,000 after buying an additional 12,670 shares in the last quarter. 24.78% of the stock is currently owned by institutional investors and hedge funds.
About Dipexium Pharmaceuticals
Dipexium Pharmaceuticals, Inc is a late-stage pharmaceutical company. The Company is focused on the development and commercialization of Locilex (pexiganan cream 0.8%), a first-in-class, broad spectrum, topical antibiotic. Locilex is focused on the treatment of mild infections of diabetic foot ulcers (Mild DFI).
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