GoPro Inc. (GPRO) has been a solid gainer for NYSE and NASDAQ listed companies trading in the consumer goods sector in morning action on September 22. At the lunch break, shares of GPRO have risen 9.02% to $16.32 after closing the day prior at $14.97. In the first two and a half hours of trading, the stock has gone as high as $16.42 and as low as $15.13. Today’s rise has come with about 9.98 million shares changing hands, compared to an average 30-day volume of 8.33 million for GoPro Inc.. The price is currently below the 30-day volume weighted average price of $15.9 for GPRO.
The share appreciation gives the company a market capitalization of $2.09 billion based upon 139.44 million shares outstanding. It also means that GPRO has a price-to-book ratio of 3.49:1.
In the past 52 weeks, shares of GPRO have traded as low as $8.62 and as high as $35.0. Technical traders will take note that at $16.32, shares of GPRO are trading above their 200-day MA at $12.78 and above their 50-day MA at $13.65. 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 GPRO?
GoPro Inc is engaged in the development and sale of cameras and mountable and wearable accessories. The Company offers helmet, handlebar, roll bar, as well as grip and tripod mounts, such as the 3-way, and a 3-in-1 mount. The company’s 1539 employees are led by CEO Nicholas Woodman from the corporate headquarters at 3000 Clearview Way in San Mateo, CA.
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