Kitov Pharmaceuticals Holdings Ltd. (KTOV) 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 KTOV have clocked gains of 4.14% to $3.27 after closing the day prior at $3.14. In the first two and a half hours of trading, the stock has gone as high as $3.27 and as low as $3.07. Today’s rise has come with about 50,574 shares changing hands, compared to an average 30-day volume of 187,640 for Kitov Pharmaceuticals Holdings Ltd.. The price is currently below the 30-day volume weighted average price of $3.19 for KTOV.
The share appreciation gives the company a market capitalization of $12.95 million based upon 4.12 million shares outstanding. It also means that KTOV has a price-to-book ratio of 1.83:1.
In the past 52 weeks, shares of KTOV have traded as low as $2.2 and as high as $6.95. Technical traders will take note that at $3.27, shares of KTOV are trading below their 200-day MA at $3.72 and above their 50-day MA at $3.09. 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 KTOV?
Kitov Pharmaceuticals Holdings Ltd researches and develops combination drug products. The company’s 2 employees are led by CEO Isaac Israel from the corporate headquarters at Round Building, 23rd Floor in Tel Aviv, .
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