Capricor Therapeutics Inc. (CAPR) 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 CAPR have fallen 3.58% to $3.5 after closing the day prior at $3.63. So far, the stock has traded as high as $3.62 and as low as $3.5. Today’s decline has come with about 1,791 shares changing hands, compared to an average 30-day volume of 33,423 for Capricor Therapeutics Inc.. The price is currently below the 30-day volume weighted average price of $3.6 for CAPR.
The share depreciation gives the company a market capitalization of $65.17 million based upon 17.95 million shares outstanding. It also means that CAPR has a price-to-book ratio of 20.73:1.
In the past 52 weeks, shares of CAPR have traded as low as $1.88 and as high as $5.4. Technical traders will take note that at $3.5, shares of CAPR are trading above their 200-day MA at $3.26 and below their 50-day MA at $3.76. 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 CAPR?
Capricor Therapeutics Inc is a clinical stage biotechnology company developing products for the treatment of cardiovascular diseases with a focus on heart failure. The company’s 33 employees are led by CEO Linda Marban from the corporate headquarters at 8840 Wilshire Boulevard in Beverly HIlls, CA.
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