Home / Healthcare / Health Care Sector Feels Weight of 3.66% Slide in Early Trading of TetraLogic Pharmaceuticals Corporation (TLOG) on September 22

Health Care Sector Feels Weight of 3.66% Slide in Early Trading of TetraLogic Pharmaceuticals Corporation (TLOG) on September 22

TetraLogic Pharmaceuticals Corporation (TLOG) 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 TLOG have fallen 3.66% about 30 minutes into the session to $0.16 after closing the day prior at $0.16. It’s early, but the stock has traded as high as $0.16 and as low as $0.16 so far. Today’s quick decline has come with about 15,798 shares changing hands, compared to an average 30-day volume of 600,093 for TetraLogic Pharmaceuticals Corporation. The price is currently below the 30-day volume weighted average price of $0.16 for TLOG.

The share depreciation gives the company a market capitalization of $3.99 million based upon 24.77 million shares outstanding. It also means that TLOG has a price-to-book ratio of 0.4:1.

In the past 52 weeks, shares of TLOG have traded as low as $0.091 and as high as $2.38. Technical traders will take note that at $0.16, shares of TLOG are trading below their 200-day MA at $0.37 and below their 50-day MA at $0.23. 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 TLOG?

TetraLogic Pharmaceuticals Corporation is a clinical-stage biopharmaceutical company, engaged in discovering and developing novel small molecule therapeutics in oncology and infectious diseases. Its product includes birinapant and SHAPE. The company’s 30 employees are led by CEO J. Kevin Buchi from the corporate headquarters at 343 Phoenixville Pike in Malvern, PA.


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