Lifecore Biomedical, Inc. (NASDAQ:LFCR – Get Free Report) shot up 4.4% during mid-day trading on Thursday . The stock traded as high as $5.05 and last traded at $4.93. 54,030 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 361,313 shares. The stock had previously closed at $4.72.
Lifecore Biomedical Stock Up 4.4 %
The firm has a market cap of $149.48 million, a P/E ratio of -1.47 and a beta of 0.97. The company’s 50 day simple moving average is $5.70 and its 200-day simple moving average is $6.44.
Institutional Trading of Lifecore Biomedical
Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in Lifecore Biomedical in the first quarter worth about $57,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Lifecore Biomedical during the first quarter worth approximately $58,000. Boston Partners purchased a new position in shares of Lifecore Biomedical during the first quarter worth approximately $104,000. State Board of Administration of Florida Retirement System purchased a new position in shares of Lifecore Biomedical during the first quarter worth approximately $114,000. Finally, Citigroup Inc. increased its position in shares of Lifecore Biomedical by 2,311.6% during the third quarter. Citigroup Inc. now owns 33,618 shares of the company’s stock worth $254,000 after acquiring an additional 32,224 shares during the period. Institutional investors own 83.36% of the company’s stock.
Lifecore Biomedical Company Profile
Lifecore Biomedical, Inc, together with its subsidiaries, operates as an integrated contract development and manufacturing organization in the United States and internationally. The company engages in the manufacturing of pharmaceutical-grade sodium hyaluronate (HA) in bulk form, as well as formulated and filled syringes and vials for injectable products used in treating a range of medical conditions and procedures.
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