Biodel Inc. (BIOD) 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 BIOD have clocked gains of 3.48% to $0.43 after closing the day prior at $0.42. In the first two and a half hours of trading, the stock has gone as high as $0.43 and as low as $0.41. Today’s rise has come with about 71,733 shares changing hands, compared to an average 30-day volume of 386,574 for Biodel Inc.. The price is currently below the 30-day volume weighted average price of $0.43 for BIOD.
The share appreciation gives the company a market capitalization of $26.94 million based upon 64.15 million shares outstanding. It also means that BIOD has a price-to-book ratio of 0.96:1.
In the past 52 weeks, shares of BIOD have traded as low as $0.222 and as high as $0.67. Technical traders will take note that at $0.43, shares of BIOD are trading above their 200-day MA at $0.34 and above their 50-day MA at $0.4. 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 BIOD?
Biodel Inc is a specialty biopharmaceutical company. The Company is focused on the development and commercialization of treatments for diabetes patients. The company’s 24 employees are led by CEO from the corporate headquarters at 100 Saw Mill Road in Danbury, CT.
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