Home / Healthcare / Intec Pharma Ltd. (NTEC) Gives Up 4.07% at Midday on September 22, Pressuring Health Care Stocks

Intec Pharma Ltd. (NTEC) Gives Up 4.07% at Midday on September 22, Pressuring Health Care Stocks

Intec Pharma Ltd. (NTEC) lost ground during morning trading on September 22 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the health care sector halfway through the trading day. At the lunch break, shares of NTEC have fallen 4.07% to $5.65 after closing the day prior at $5.89. So far, the stock has traded as high as $5.93 and as low as $5.65. Today’s decline has come with about 20,490 shares changing hands, compared to an average 30-day volume of 33,482 for Intec Pharma Ltd.. The price is currently below the 30-day volume weighted average price of $5.77 for NTEC.

The share depreciation gives the company a market capitalization of $67.43 million based upon 11.45 million shares outstanding. It also means that NTEC has a price-to-book ratio of 2.31:1.

In the past 52 weeks, shares of NTEC have traded as low as $3.03 and as high as $6.36. Technical traders will take note that at $5.65, shares of NTEC are trading above their 200-day MA at $4.61 and above their 50-day MA at $5.61. 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 NTEC?

Intec Pharma Ltd is a clinical stage biopharmaceutical company. The Company is engaged in developing drugs based on its proprietary Accordion Pill platform technology, which the Company refer to as the Accordion Pill. The company’s 52 employees are led by CEO Zeev Weiss from the corporate headquarters at 12 Hartom Street in Jerusalem, .

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