Neptune Technologies & Bioresources Inc (NEPT) is one of the best performing stocks in the health care sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on September 22. Shares of NEPT have climbed 3.96% about 30 minutes into the session to $1.05 after closing the day prior at $1.01. It’s early, but the stock has traded as high as $1.05 and as low as $1.05 so far. Today’s quick advance has come with about 511 shares changing hands, compared to an average 30-day volume of 142,147 for Neptune Technologies & Bioresources Inc. The price is currently below the 30-day volume weighted average price of $1.05 for NEPT.
The share appreciation gives the company a market capitalization of $78.73 million based upon 77.95 million shares outstanding. It also means that NEPT has a price-to-book ratio of 2.0:1 and a price-to-earnings ratio of :1.
In the past 52 weeks, shares of NEPT have traded as low as $0.86 and as high as $1.2999. Technical traders will take note that at $1.05, shares of NEPT are trading below their 200-day MA at $1.05 and above their 50-day MA at $1.01. 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 NEPT?
Neptune Technologies & Bioressources Inc is a nutrition company. The Company is engaged in the development, manufacture and commercialization of marine-derived omega-3 polyunsaturated fatty acids from Antarctic krill. The company’s 130 employees are led by CEO Jim Hamilton from the corporate headquarters at 545 Promenade du Centropolis.
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