Home / Market Movers / Early Loss of 4.79% for ITUS Corporation (ITUS) on September 22 Drags on Services Sector

Early Loss of 4.79% for ITUS Corporation (ITUS) on September 22 Drags on Services Sector

ITUS Corporation (ITUS) started the trading day on a down note, making it one of the worst performing stocks in the services sector of NYSE and NASDAQ listed companies shortly after the opening bell on September 22. Shares of ITUS have fallen 4.79% about 30 minutes into the session to $2.86 after closing the day prior at $3.01. It’s early, but the stock has traded as high as $2.97 and as low as $2.86 so far. Today’s quick decline has come with about 977 shares changing hands, compared to an average 30-day volume of 19,767 for ITUS Corporation. The price is currently below the 30-day volume weighted average price of $2.92 for ITUS.

The share depreciation gives the company a market capitalization of $26.31 million based upon 8.75 million shares outstanding. It also means that ITUS has a price-to-book ratio of 15.44:1.

In the past 52 weeks, shares of ITUS have traded as low as $1.88 and as high as $5.499. Technical traders will take note that at $2.86, shares of ITUS are trading below their 200-day MA at $3.06 and below their 50-day MA at $3.36. 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 ITUS?

ITUS Corp funds, develops, acquires & licenses emerging technologies in biotechnology. Its subsidiary Anixa Diagnostics Corp is developing a platform called Cchek, a series of non-invasive blood tests for the early detection of solid tumor based cancers. The company’s 6 employees are led by CEO Robert A. Berman from the corporate headquarters at 12100 Wilshire Boulevard in Los Angeles, CA.

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