InterCure (NASDAQ:INCR) Trading 1% Higher

InterCure Ltd. (NASDAQ:INCR)’s stock price rose 1% on Monday . The company traded as high as $2.16 and last traded at $2.03. Approximately 70,464 shares traded hands during mid-day trading, a decline of 4% from the average daily volume of 73,210 shares. The stock had previously closed at $2.01.

InterCure Trading Up 1.0 %

The stock’s 50 day moving average is $2.77 and its two-hundred day moving average is $2.14. The company has a market capitalization of $92.51 million, a PE ratio of 15.62 and a beta of 1.51. The company has a quick ratio of 1.38, a current ratio of 1.85 and a debt-to-equity ratio of 0.23.

Institutional Trading of InterCure

An institutional investor recently raised its position in InterCure stock. Mirae Asset Global Investments Co. Ltd. raised its position in shares of InterCure Ltd. (NASDAQ:INCR) by 31.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,140,977 shares of the company’s stock after buying an additional 271,080 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in InterCure were worth $1,460,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 8.34% of the company’s stock.

InterCure Company Profile

InterCure Ltd., together with its subsidiaries, engages in the research, cultivation, production, and distribution of pharmaceutical-grade cannabis and cannabis-based products for medical use in Israel and internationally. The company offers dried cannabis inflorescences and cannabis extract mixed with oil.