Ocera Therapeutics Inc. (OCRX) 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 OCRX have clocked gains of 13.33% to $2.72 after closing the day prior at $2.4. In the first two and a half hours of trading, the stock has gone as high as $2.85 and as low as $2.62. Today’s rise has come with about 468,405 shares changing hands, compared to an average 30-day volume of 171,819 for Ocera Therapeutics Inc.. The price is currently below the 30-day volume weighted average price of $2.74 for OCRX.
The share appreciation gives the company a market capitalization of $52.44 million based upon 21.85 million shares outstanding. It also means that OCRX has a price-to-book ratio of 2.39:1.
In the past 52 weeks, shares of OCRX have traded as low as $1.759 and as high as $4.57. Technical traders will take note that at $2.72, shares of OCRX are trading above their 200-day MA at $2.71 and above their 50-day MA at $2.5. 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 OCRX?
Ocera Therapeutics Inc is a clinical-stage biopharmaceutical company. The Company is engaged in the development and commercialization of proprietary compounds to treat acute and chronic orphan liver disease. The company’s 20 employees are led by CEO Linda S. Grais from the corporate headquarters at 525 University Avenue in Palo Alto, CA.
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