CASI Pharmaceuticals Inc. (CASI) 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 CASI have clocked gains of 7.62% to $1.13 after closing the day prior at $1.05. In the first two and a half hours of trading, the stock has gone as high as $1.14 and as low as $1.11. Today’s rise has come with about 29,023 shares changing hands, compared to an average 30-day volume of 46,815 for CASI Pharmaceuticals Inc.. The price is currently below the 30-day volume weighted average price of $1.13 for CASI.
The share appreciation gives the company a market capitalization of $51.93 million based upon 49.46 million shares outstanding. It also means that CASI has a price-to-book ratio of 5.18:1.
In the past 52 weeks, shares of CASI have traded as low as $0.58 and as high as $1.82. Technical traders will take note that at $1.13, shares of CASI are trading above their 200-day MA at $1.1 and above their 50-day MA at $1.1. 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 CASI?
CASI Pharmaceuticals Inc is a biopharmaceutical company. It develops therapeutic candidates for the treatment of cancer and inflammation. The company’s 21 employees are led by CEO Ken Keyong Ren from the corporate headquarters at 9620 Medical Center Drive in Rockville, MD.
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