Alliance HealthCare Services Inc. (AIQ) is one of the best performing stocks in the health care sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on September 22. Shares of AIQ have climbed 7.3% about 30 minutes into the session to $7.2 after closing the day prior at $6.71. It’s early, but the stock has traded as high as $7.25 and as low as $6.79 so far. Today’s quick advance has come with about 8,230 shares changing hands, compared to an average 30-day volume of 17,601 for Alliance HealthCare Services Inc.. The price is currently below the 30-day volume weighted average price of $7.13 for AIQ.
The share appreciation gives the company a market capitalization of $72.06 million based upon 10.74 million shares outstanding. It also means that AIQ has a price-to-book ratio of 186.11:1 and a price-to-earnings ratio of 8.8:1.
In the past 52 weeks, shares of AIQ have traded as low as $5.73 and as high as $11.3874. Technical traders will take note that at $7.2, shares of AIQ are trading above their 200-day MA at $6.97 and above their 50-day MA at $6.19. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is AIQ?
Alliance HealthCare Services Inc through its subsidiaries provides outsourced healthcare services to hospitals and providers. It also operates freestanding outpatient radiology, oncology and interventional clinics, and Ambulatory Surgical Centers. The company’s 2430 employees are led by CEO Percy C. Tomlinson from the corporate headquarters at 100 Bayview Circle.
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