Home / Healthcare / Catalyst Biosciences Inc. (CBIO) Gives Up 5.15% at Midday on September 22, Pressuring Health Care Stocks

Catalyst Biosciences Inc. (CBIO) Gives Up 5.15% at Midday on September 22, Pressuring Health Care Stocks

Catalyst Biosciences Inc. (CBIO) lost ground during morning trading on September 22 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the health care sector halfway through the trading day. At the lunch break, shares of CBIO have fallen 5.15% to $1.29 after closing the day prior at $1.36. So far, the stock has traded as high as $1.37 and as low as $1.28. Today’s decline has come with about 22,024 shares changing hands, compared to an average 30-day volume of 52,514 for Catalyst Biosciences Inc.. The price is currently below the 30-day volume weighted average price of $1.29 for CBIO.

The share depreciation gives the company a market capitalization of $16.1 million based upon 11.84 million shares outstanding. It also means that CBIO has a price-to-book ratio of 0.69:1.

In the past 52 weeks, shares of CBIO have traded as low as $1.1189 and as high as $6.04. Technical traders will take note that at $1.29, shares of CBIO are trading below their 200-day MA at $1.75 and below their 50-day MA at $1.33. 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 below them is typically regarded as bearish.

Who is CBIO?

Catalyst Biosciences Inc is a clinical-stage biopharmaceutical company. The Company is engaged in creating and developing novel medicines to address serious medical conditions. The company’s 19 employees are led by CEO Nassim Usman from the corporate headquarters at 260 Littlefield Avenue in South San Francisco, CA.

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