InterCure (NASDAQ:INCR) Trading Down 0.7% – Here’s What Happened

InterCure Ltd. (NASDAQ:INCR) shares dropped 0.7% during mid-day trading on Wednesday . The stock traded as low as $1.61 and last traded at $1.61. Approximately 24,045 shares traded hands during trading, an increase of 31% from the average daily volume of 18,333 shares. The stock had previously closed at $1.62.

InterCure Stock Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.78 and a quick ratio of 1.15. The stock has a 50 day simple moving average of $1.63 and a 200 day simple moving average of $1.71.

Institutional Investors Weigh In On InterCure

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INCR. Moore Capital Management LP purchased a new position in shares of InterCure in the fourth quarter valued at about $156,000. Jane Street Group LLC bought a new stake in shares of InterCure in the third quarter worth about $49,000. Finally, Virtu Financial LLC purchased a new position in InterCure during the 3rd quarter valued at about $43,000. 8.34% of the stock is currently owned by institutional investors.

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.