Spark Therapeutics Inc. (ONCE) 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 ONCE have fallen 3.33% to $61.28 after closing the day prior at $63.39. So far, the stock has traded as high as $64.27 and as low as $61.0. Today’s decline has come with about 192,839 shares changing hands, compared to an average 30-day volume of 469,277 for Spark Therapeutics Inc.. The price is currently below the 30-day volume weighted average price of $62.36 for ONCE.
The share depreciation gives the company a market capitalization of $1.94 billion based upon 30.62 million shares outstanding. It also means that ONCE has a price-to-book ratio of 5.03:1.
In the past 52 weeks, shares of ONCE have traded as low as $21.2 and as high as $66.0. Technical traders will take note that at $61.28, shares of ONCE are trading above their 200-day MA at $43.82 and above their 50-day MA at $57.71. 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 ONCE?
Spark Therapeutics Inc is a gene therapy company. The Company is engaged in developing one-time, life-altering gene therapy treatments to transform the lives of patients and re-imagine the treatment of debilitating diseases. The company’s 113 employees are led by CEO Jeffrey D. Marrazzo from the corporate headquarters at 3737 Market Street in Philadelphia, PA.
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