Home / Healthcare / MYOS RENS Technology Inc. (MYOS) Gives Up 3.54% at Midday on September 22, Pressuring Health Care Stocks

MYOS RENS Technology Inc. (MYOS) Gives Up 3.54% at Midday on September 22, Pressuring Health Care Stocks

MYOS RENS Technology Inc. (MYOS) 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 MYOS have fallen 3.54% to $1.64 after closing the day prior at $1.7. So far, the stock has traded as high as $1.7 and as low as $1.62. Today’s decline has come with about 3,865 shares changing hands, compared to an average 30-day volume of 21,855 for MYOS RENS Technology Inc.. The price is currently below the 30-day volume weighted average price of $1.65 for MYOS.

The share depreciation gives the company a market capitalization of $8.64 million based upon 5.08 million shares outstanding. It also means that MYOS has a price-to-book ratio of 1.4:1.

In the past 52 weeks, shares of MYOS have traded as low as $1.23 and as high as $4.4. Technical traders will take note that at $1.64, shares of MYOS are trading below their 200-day MA at $1.77 and below their 50-day MA at $1.76. 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 MYOS?

Myos Rens Technology Inc is engaged in discovery, development and commercialization of nutritional supplements, functional foods, therapeutic products and other technologies aimed at maintaining or improving the health. The company’s 8 employees are led by CEO Joseph Mannello from the corporate headquarters at 45 Horsehill Road in Cedar Knolls, NJ.

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