Lombard Medical Inc. (EVAR) 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 EVAR have fallen 3.01% to $0.89 after closing the day prior at $0.92. So far, the stock has traded as high as $0.92 and as low as $0.89. Today’s decline has come with about 13,069 shares changing hands, compared to an average 30-day volume of 49,364 for Lombard Medical Inc.. The price is currently below the 30-day volume weighted average price of $0.9 for EVAR.
The share depreciation gives the company a market capitalization of $18.3 million based upon 19.89 million shares outstanding. It also means that EVAR has a price-to-book ratio of 0.72:1.
In the past 52 weeks, shares of EVAR have traded as low as $0.55 and as high as $3.99. Technical traders will take note that at $0.89, shares of EVAR are trading below their 200-day MA at $1.15 and below their 50-day MA at $1.06. 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 EVAR?
Lombard Medical Inc is a medical technology company. The Company is engaged in developing, manufacturing, and marketing endovascular stent-grafts that address unmet needs in the repair of aortic aneurysms. The company’s 189 employees are led by CEO Simon Hubbert from the corporate headquarters at 6440 Oak Canyon Drive in Irvine, .
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