United-Guardian Inc. (UG) 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 consumer goods sector halfway through the trading day. At the lunch break, shares of UG have fallen 4.16% to $15.67 after closing the day prior at $16.35. So far, the stock has traded as high as $16.2 and as low as $15.63. Today’s decline has come with about 828 shares changing hands, compared to an average 30-day volume of 3,375 for United-Guardian Inc.. The price is currently below the 30-day volume weighted average price of $15.9 for UG.
The share depreciation gives the company a market capitalization of $75.12 million based upon 4.59 million shares outstanding. It also means that UG has a price-to-book ratio of 5.33:1.
In the past 52 weeks, shares of UG have traded as low as $13.5214 and as high as $23.4899. Technical traders will take note that at $15.67, shares of UG are trading below their 200-day MA at $17.91 and above their 50-day MA at $14.95. 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 UG?
United-Guardian Inc, through its Guardian Laboratories Division manufactures and markets cosmetic ingredients, personal care products, pharmaceuticals, medical and health care products, and specialty industrial products. The company’s 34 employees are led by CEO Kenneth H. Globus from the corporate headquarters at 230 Marcus Boulevard in Hauppauge, NY.
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