Intellipharmaceutics International Inc. (NASDAQ:IPCI) received a $6.00 price objective from Maxim Group in a note issued to investors on Thursday. The brokerage currently has a a “buy” rating on the stock. Maxim Group’s price objective would indicate a potential upside of 167.74% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Intellipharmaceutics International from a “hold” rating to a “buy” rating and set a $1.75 price objective on the stock in a research note on Tuesday, June 21st. Brean Capital reissued a “buy” rating and issued a $8.00 price objective on shares of Intellipharmaceutics International in a research note on Tuesday, July 5th.

Intellipharmaceutics International (NASDAQ:IPCI) traded up 6.20% during trading on Thursday, reaching $2.38. The company’s stock had a trading volume of 370,868 shares. Intellipharmaceutics International has a 12 month low of $1.41 and a 12 month high of $3.19. The company’s market cap is $68.42 million. The stock’s 50-day moving average is $1.93 and its 200 day moving average is $1.83.

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Intellipharmaceutics International (NASDAQ:IPCI) last issued its quarterly earnings data on Wednesday, July 13th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.01. Intellipharmaceutics International had a negative net margin of 325.20% and a negative return on equity of 832.00%. On average, equities analysts forecast that Intellipharmaceutics International will post ($0.28) EPS for the current fiscal year.

A hedge fund recently bought a new stake in Intellipharmaceutics International stock. Atria Investments LLC acquired a new stake in shares of Intellipharmaceutics International Inc. (NASDAQ:IPCI) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 67,727 shares of the company’s stock, valued at approximately $106,000. Atria Investments LLC owned approximately 0.27% of Intellipharmaceutics International at the end of the most recent quarter. 1.30% of the stock is owned by institutional investors.

Intellipharmaceutics International Company Profile

Intellipharmaceutics International Inc is a pharmaceutical company specializing in the research, development and manufacture of controlled-release and targeted-release oral solid dosage drugs. The Company’s Hypermatrix technology is a multidimensional controlled-release drug delivery platform that is applied to the development of a range of existing and new pharmaceuticals.

5 Day Chart for NASDAQ:IPCI

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