DarioHealth Corp. (DRIO) 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 DRIO have clocked gains of 4.12% to $3.28 after closing the day prior at $3.15. In the first two and a half hours of trading, the stock has gone as high as $3.42 and as low as $3.24. Today’s rise has come with about 2,475 shares changing hands, compared to an average 30-day volume of 17,758 for DarioHealth Corp.. The price is currently below the 30-day volume weighted average price of $3.26 for DRIO.
The share appreciation gives the company a market capitalization of $18.0 million based upon 5.71 million shares outstanding. It also means that DRIO has a price-to-book ratio of 3.46:1.
In the past 52 weeks, shares of DRIO have traded as low as $3.03 and as high as $11.675. Technical traders will take note that at $3.28, shares of DRIO are trading below their 200-day MA at $5.34 and below their 50-day MA at $3.89. 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 DRIO?
DarioHealth Corp is digital health and mobile health solutions company. It is engaged in developing The Dario Smart Diabetes Management Solution platform for diabetes management. The company’s 21 employees are led by CEO Erez Raphael from the corporate headquarters at 1500 District Avenue in Burlington, MA.
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