Ohr Pharmaceuticals Inc. (OHRP) 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 OHRP have clocked gains of 3.12% to $2.84 after closing the day prior at $2.75. In the first two and a half hours of trading, the stock has gone as high as $2.84 and as low as $2.74. Today’s rise has come with about 30,873 shares changing hands, compared to an average 30-day volume of 85,837 for Ohr Pharmaceuticals Inc.. The price is currently below the 30-day volume weighted average price of $2.79 for OHRP.
The share appreciation gives the company a market capitalization of $88.29 million based upon 32.1 million shares outstanding. It also means that OHRP has a price-to-book ratio of 3.04:1.
In the past 52 weeks, shares of OHRP have traded as low as $2.44 and as high as $6.56. Technical traders will take note that at $2.84, shares of OHRP are trading below their 200-day MA at $3.32 and above their 50-day MA at $2.68. 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 OHRP?
Ohr Pharmaceutical Inc is a pharmaceutical company engaged in the development of the Company's previously acquired compounds. The company’s 16 employees are led by CEO Jason Slakter from the corporate headquarters at 800 Third Avenue, 11th Floor in New York, NY.
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