Marrone Bio Innovations Inc. (MBII) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the basic materials sector during morning trading on September 22. At the lunch break, shares of MBII have gained 3.98% to $1.83 after closing the day prior at $1.76. In the first two and a half hours of trading, the stock has gone as high as $1.85 and as low as $1.75. Today’s rise has come with about 38,553 shares changing hands, compared to an average 30-day volume of 202,251 for Marrone Bio Innovations Inc.. The price is currently below the 30-day volume weighted average price of $1.81 for MBII.
The share appreciation gives the company a market capitalization of $43.33 million based upon 24.62 million shares outstanding. It also means that MBII has a price-to-book ratio of 3.65:1.
In the past 52 weeks, shares of MBII have traded as low as $0.6013 and as high as $4.0. Technical traders will take note that at $1.83, shares of MBII are trading above their 200-day MA at $0.99 and above their 50-day MA at $1.2. 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 above them is typically regarded as bullish.
Who is MBII?
Marrone Bio Innovations Inc is a producer of bio-based pest management and plant health products. The Company offers its products to the markets that use conventional chemical pesticides, including certain agricultural and water markets. The company’s 86 employees are led by CEO Pamela G. Marrone from the corporate headquarters at 1540 Drew Avenue in Davis, CA.
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