Alliqua BioMedical Inc. (ALQA) 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 ALQA have climbed 4.68% about 30 minutes into the session to $0.89 after closing the day prior at $0.85. It’s early, but the stock has traded as high as $0.89 and as low as $0.85 so far. Today’s quick advance has come with about 3,519 shares changing hands, compared to an average 30-day volume of 57,655 for Alliqua BioMedical Inc.. The price is currently below the 30-day volume weighted average price of $0.87 for ALQA.
The share appreciation gives the company a market capitalization of $25.19 million based upon 29.67 million shares outstanding. It also means that ALQA has a price-to-book ratio of 0.45:1 and a price-to-earnings ratio of :1.
In the past 52 weeks, shares of ALQA have traded as low as $0.7 and as high as $4.14. Technical traders will take note that at $0.89, shares of ALQA are trading below their 200-day MA at $1.22 and below their 50-day MA at $1.05. 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 ALQA?
Alliqua BioMedical Inc is a biomedical company providing wound care solutions. It is also engaged in contract manufacturing. The company’s 87 employees are led by CEO David I Johnson from the corporate headquarters at 1010 Stony Hill Road.
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