Oasmia Pharmaceutical AB (OASM) 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 OASM have climbed 5.94% about 30 minutes into the session to $3.39 after closing the day prior at $3.2. It’s early, but the stock has traded as high as $3.39 and as low as $3.3 so far. Today’s quick advance has come with about 483 shares changing hands, compared to an average 30-day volume of 4,773 for Oasmia Pharmaceutical AB. The price is currently below the 30-day volume weighted average price of $3.33 for OASM.
The share appreciation gives the company a market capitalization of $114.36 million based upon 35.74 million shares outstanding. It also means that OASM has a price-to-book ratio of 3.4:1 and a price-to-earnings ratio of :1.
In the past 52 weeks, shares of OASM have traded as low as $2.7525 and as high as $5.25. Technical traders will take note that at $3.39, shares of OASM are trading below their 200-day MA at $3.72 and above their 50-day MA at $3.35. 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 OASM?
Oasmia Pharmaceutical AB is a pharmaceutical company. It develops a new generation of drugs within human and veterinary oncology. It has two approved products: Paclical and Paccal Vet-CA1. The company’s 75 employees are led by CEO Mikael Asp from the corporate headquarters at Vallongatan 1.
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