ViewRay Inc. (VRAY) 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 VRAY have clocked gains of 3.51% to $5.37 after closing the day prior at $5.19. In the first two and a half hours of trading, the stock has gone as high as $5.4 and as low as $5.2. Today’s rise has come with about 124,187 shares changing hands, compared to an average 30-day volume of 78,217 for ViewRay Inc.. The price is currently below the 30-day volume weighted average price of $5.28 for VRAY.
The share appreciation gives the company a market capitalization of $199.28 million based upon 38.4 million shares outstanding. It also means that VRAY has a price-to-book ratio of 28.17:1.
In the past 52 weeks, shares of VRAY have traded as low as $2.69 and as high as $8.0. Technical traders will take note that at $5.37, shares of VRAY are trading above their 200-day MA at $4.42 and above their 50-day MA at $3.63. 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 VRAY?
ViewRay Inc is a medical device company. The Company is engaged in developing radiation therapy technology for the treatment of cancer. Its technology provides soft-tissue imaging during treatment, using MRI-guided radiation therapy. The company’s 106 employees are led by CEO Chris A. Raanes from the corporate headquarters at 2 Thermo Fisher Way in Oakwood Village, OH.
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