Cyclacel Pharmaceuticals Inc. (CYCC) 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 CYCC have fallen 3.1% to $5.7 after closing the day prior at $5.88. So far, the stock has traded as high as $5.96 and as low as $5.6. Today’s decline has come with about 78,860 shares changing hands, compared to an average 30-day volume of 779,714 for Cyclacel Pharmaceuticals Inc.. The price is currently below the 30-day volume weighted average price of $5.77 for CYCC.
The share depreciation gives the company a market capitalization of $18.34 million based upon 3.12 million shares outstanding. It also means that CYCC has a price-to-book ratio of 1.39:1.
In the past 52 weeks, shares of CYCC have traded as low as $3.6012 and as high as $12.6. Technical traders will take note that at $5.7, shares of CYCC are trading above their 200-day MA at $5.03 and above their 50-day MA at $5.56. 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 CYCC?
Cyclacel Pharmaceuticals Inc is a biopharmaceutical company engaged in the discovery, development and commercialization of novel, mechanism-targeted drugs to treat cancer and other serious disorders, with development operations in US and UK. The company’s 16 employees are led by CEO Spiro Rombotis from the corporate headquarters at 200 Connell Drive in Berkeley Heights, NJ.
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