GenMark Diagnostics Inc. (GNMK) 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 GNMK have clocked gains of 4.32% to $11.36 after closing the day prior at $10.89. In the first two and a half hours of trading, the stock has gone as high as $11.38 and as low as $10.93. Today’s rise has come with about 160,352 shares changing hands, compared to an average 30-day volume of 450,451 for GenMark Diagnostics Inc.. The price is currently below the 30-day volume weighted average price of $11.21 for GNMK.
The share appreciation gives the company a market capitalization of $468.2 million based upon 42.99 million shares outstanding. It also means that GNMK has a price-to-book ratio of 16.46:1.
In the past 52 weeks, shares of GNMK have traded as low as $4.2 and as high as $11.31. Technical traders will take note that at $11.36, shares of GNMK are trading above their 200-day MA at $7.27 and above their 50-day MA at $9.38. 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 GNMK?
GenMark Diagnostics Inc is a molecular diagnostics company. The Company develops and commercializes its proprietary eSensor detection technology for the support of instruments and molecular tests. The company’s 233 employees are led by CEO Hany Massarany from the corporate headquarters at 5964 La Place Court in Carlsbad, CA.
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