Home / Healthcare / Health Care Sector Feels Weight of 3.34% Slide in Early Trading of Pro-Dex Inc. (PDEX) on September 22

Health Care Sector Feels Weight of 3.34% Slide in Early Trading of Pro-Dex Inc. (PDEX) on September 22

Pro-Dex Inc. (PDEX) 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 PDEX have fallen 3.34% about 30 minutes into the session to $4.6 after closing the day prior at $4.76. It’s early, but the stock has traded as high as $4.74 and as low as $4.6 so far. Today’s quick decline has come with about 785 shares changing hands, compared to an average 30-day volume of 22,681 for Pro-Dex Inc.. The price is currently below the 30-day volume weighted average price of $4.64 for PDEX.

The share depreciation gives the company a market capitalization of $19.34 million based upon 4.06 million shares outstanding. It also means that PDEX has a price-to-book ratio of 2.18:1.

In the past 52 weeks, shares of PDEX have traded as low as $2.23 and as high as $6.68. Technical traders will take note that at $4.6, shares of PDEX are trading above their 200-day MA at $3.89 and below their 50-day MA at $5.23. 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 PDEX?

Pro-Dex Inc with operations in designs and produces powered surgical and dental instruments and motion control products used in the medical, factory automation and scientific research industries. The company’s 104 employees are led by CEO Richard L. Van Kirk from the corporate headquarters at 2361 McGaw Avenue in Irvine, CA.

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