Home / Healthcare / Seres Therapeutics Inc. (MCRB) Gives Up 3.41% at Midday on September 22, Pressuring Health Care Stocks

Seres Therapeutics Inc. (MCRB) Gives Up 3.41% at Midday on September 22, Pressuring Health Care Stocks

Seres Therapeutics Inc. (MCRB) 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 MCRB have fallen 3.41% to $13.87 after closing the day prior at $14.36. So far, the stock has traded as high as $14.53 and as low as $13.7. Today’s decline has come with about 394,256 shares changing hands, compared to an average 30-day volume of 808,964 for Seres Therapeutics Inc.. The price is currently below the 30-day volume weighted average price of $14.0 for MCRB.

The share depreciation gives the company a market capitalization of $578.34 million based upon 40.27 million shares outstanding. It also means that MCRB has a price-to-book ratio of 3.45:1.

In the past 52 weeks, shares of MCRB have traded as low as $8.05 and as high as $44.51. Technical traders will take note that at $13.87, shares of MCRB are trading below their 200-day MA at $25.89 and below their 50-day MA at $16.39. 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 MCRB?

Seres Therapeutics Inc is a microbiome therapeutics platform company developing a novel class of biological drugs, which are designed to restore health by repairing the function of a dysbiotic microbiome. The company’s 86 employees are led by CEO Roger J. Pomerantz from the corporate headquarters at 215 First Street in Cambridge, MA.

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