Avinger Inc. (AVGR) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the health care sector during morning trading on September 22. At the lunch break, shares of AVGR have clocked gains of 3.47% to $4.77 after closing the day prior at $4.61. In the first two and a half hours of trading, the stock has gone as high as $4.8 and as low as $4.65. Today’s rise has come with about 119,138 shares changing hands, compared to an average 30-day volume of 411,023 for Avinger Inc.. The price is currently below the 30-day volume weighted average price of $4.73 for AVGR.
The share appreciation gives the company a market capitalization of $59.2 million based upon 12.84 million shares outstanding. It also means that AVGR has a price-to-book ratio of 34.88:1.
In the past 52 weeks, shares of AVGR have traded as low as $3.55 and as high as $25.11. Technical traders will take note that at $4.77, shares of AVGR are trading below their 200-day MA at $11.38 and above their 50-day MA at $4.76. 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 AVGR?
Avinger Inc is a commercial-stage medical device company. The Company designs, manufactures and sells image-guided, catheter-based systems that are used by physicians to treat patients with peripheral arterial disease, or PAD. The company’s 70 employees are led by CEO Jeffrey M. Soinski from the corporate headquarters at 400 Chesapeake Drive in Redwood City, CA.
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