AxoGen Inc. (AXGN) lost ground during morning trading on September 23 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 AXGN have fallen 3.37% to $8.88 after closing the day prior at $9.19. So far, the stock has traded as high as $9.19 and as low as $8.83. Today’s decline has come with about 27,525 shares changing hands, compared to an average 30-day volume of 146,110 for AxoGen Inc.. The price is currently below the 30-day volume weighted average price of $8.96 for AXGN.
The share depreciation gives the company a market capitalization of $276.92 million based upon 30.13 million shares outstanding. It also means that AXGN has a price-to-book ratio of 99.14:1.
In the past 52 weeks, shares of AXGN have traded as low as $3.83 and as high as $9.88. Technical traders will take note that at $8.88, shares of AXGN are trading above their 200-day MA at $6.12 and above their 50-day MA at $8.16. 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 AXGN?
AxoGen Inc is a medical technology company dedicated to peripheral nerve repair. It provide products and education to improve surgical treatment algorithms for peripheral nerve injuries. The company’s 113 employees are led by CEO Karen Zaderej from the corporate headquarters at 13631 Progress Boulevard in Alachua, FL.
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