Acasti Pharma Inc. (ACST) 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 23. Shares of ACST have climbed 5.85% about 30 minutes into the session to $1.99 after closing the day prior at $1.88. It’s early, but the stock has traded as high as $1.99 and as low as $1.89 so far. Today’s quick advance has come with about 400 shares changing hands, compared to an average 30-day volume of 280,269 for Acasti Pharma Inc.. The price is currently below the 30-day volume weighted average price of $1.92 for ACST.
The share appreciation gives the company a market capitalization of $20.14 million based upon 10.71 million shares outstanding. It also means that ACST has a price-to-book ratio of 1.07:1 and a price-to-earnings ratio of :1.
In the past 52 weeks, shares of ACST have traded as low as $1.2 and as high as $3.5. Technical traders will take note that at $1.99, shares of ACST are trading above their 200-day MA at $1.58 and above their 50-day MA at $1.53. 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 ACST?
Acasti Pharma Inc is a biopharmaceutical company. The Company is engaged in the research, development and commercialization of new krill oil-based forms of omega-3 phospholipid therapies for the treatment and prevention of cardiometabolic disorders. The company’s 11 employees are led by CEO Janelle D'Alvise from the corporate headquarters at 545 Promenade du Centropolis.
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