Vical (NASDAQ:VICL) Stock Passes Above Two Hundred Day Moving Average of $0.00

Vical Incorporated (NASDAQ:VICL) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $0.84. Vical shares last traded at $0.81, with a volume of 725,083 shares.

Several brokerages have recently issued reports on VICL. Zacks Investment Research raised Vical from a “hold” rating to a “buy” rating and set a $0.75 price objective on the stock in a report on Friday, July 19th. ValuEngine raised Vical from a “hold” rating to a “buy” rating in a report on Thursday, August 1st.

The firm has a market capitalization of $18.54 million, a PE ratio of -1.07 and a beta of 0.31. The company has a fifty day moving average price of $0.77 and a 200-day moving average price of $1.00.

Several institutional investors and hedge funds have recently modified their holdings of VICL. Virtu Financial LLC purchased a new stake in shares of Vical during the 1st quarter worth approximately $146,000. Acadian Asset Management LLC raised its holdings in shares of Vical by 23.0% during the 1st quarter. Acadian Asset Management LLC now owns 219,221 shares of the biotechnology company’s stock worth $263,000 after acquiring an additional 41,036 shares in the last quarter. Finally, Fosun International Ltd purchased a new stake in Vical during the 2nd quarter valued at $265,000. 33.73% of the stock is currently owned by institutional investors and hedge funds.

Vical Company Profile (NASDAQ:VICL)

Vical Incorporated researches and develops biopharmaceutical products based on its DNA delivery technologies for the prevention and treatment of serious or life-threatening diseases. The company was founded in 1987 and is headquartered in San Diego, California.

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