Stifel Nicolaus Downgrades Innocoll Holdings PLC (INNL) to Hold

Innocoll Holdings PLC (NDAQ:INNL) was downgraded by research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued to investors on Friday. They presently have a $2.00 price objective on the stock.

Shares of Innocoll Holdings PLC (NDAQ:INNL) opened at 1.12 on Friday. The stock’s 50 day moving average price is $0.78 and its 200-day moving average price is $2.97. Innocoll Holdings PLC has a 52 week low of $0.53 and a 52 week high of $12.94. The firm’s market capitalization is $33.26 million.

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About Innocoll Holdings PLC

Innocoll Holdings Public Limited Company is a commercial-stage specialty pharmaceutical and medical device company with late-stage development programs. The Company operates through the segment of manufacture and sale of collagen-based pharmaceutical products. It utilizes collagen-based technology platform to develop its biodegradable and bioresorbable products and product candidates, which can be broken down by the body without the need for surgical removal or applied topically.

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