Stereotaxis Inc. (STXS) started the trading day on a down note, making it one of the worst performing stocks in the health care sector of NYSE and NASDAQ listed companies shortly after the opening bell on September 22. Shares of STXS have fallen 10.32% about 30 minutes into the session to $0.59 after closing the day prior at $0.66. It’s early, but the stock has traded as high as $0.6 and as low as $0.57 so far. Today’s quick decline has come with about 19,052 shares changing hands, compared to an average 30-day volume of 42,612 for Stereotaxis Inc.. The price is currently below the 30-day volume weighted average price of $0.59 for STXS.
The share depreciation gives the company a market capitalization of $14.38 million based upon 21.85 million shares outstanding. It also means that STXS has a price-to-book ratio of 104.05:1.
In the past 52 weeks, shares of STXS have traded as low as $0.5402 and as high as $1.95. Technical traders will take note that at $0.59, shares of STXS are trading below their 200-day MA at $1.02 and below their 50-day MA at $0.88. 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 below them is typically regarded as bearish.
Who is STXS?
Stereotaxis Inc designs, manufactures and markets robotic systems & instruments for use by electrophysiologists for the treatment of abnormal heart rhythms known as cardiac arrhythmias. The company’s 126 employees are led by CEO William C. Mills from the corporate headquarters at 4320 Forest Park Avenue in St. Louis, MO.
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