Interpace Diagnostics Group (IDXG) Stock Price Up 6.6%

Interpace Diagnostics Group Inc (NASDAQ:IDXG) rose 6.6% on Thursday . The stock traded as high as $1.14 and last traded at $1.13. Approximately 1,184,352 shares changed hands during trading, an increase of 58% from the average daily volume of 751,784 shares. The stock had previously closed at $1.06.

IDXG has been the topic of several research reports. ValuEngine upgraded Interpace Diagnostics Group from a “strong sell” rating to a “sell” rating in a research report on Monday, September 11th. Maxim Group restated a “buy” rating and set a $5.00 price target on shares of Interpace Diagnostics Group in a research report on Tuesday, November 14th.

The stock has a market cap of $30.34, a PE ratio of 0.37 and a beta of 1.60.

A hedge fund recently bought a new stake in Interpace Diagnostics Group stock. Sabby Management LLC purchased a new stake in shares of Interpace Diagnostics Group Inc (NASDAQ:IDXG) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 529,819 shares of the business services provider’s stock, valued at approximately $476,000. Sabby Management LLC owned approximately 2.39% of Interpace Diagnostics Group as of its most recent SEC filing. Hedge funds and other institutional investors own 5.87% of the company’s stock.

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Interpace Diagnostics Group Company Profile

Interpace Diagnostics Group, Inc, formerly PDI, Inc, is focused on developing and commercializing molecular diagnostic tests principally focused on early detection of high potential progressors to cancer and leveraging the latest technology and personalized medicine for patient diagnosis and management.

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