Curis Inc. (CRIS) 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 CRIS have fallen 5.34% to $2.4 after closing the day prior at $2.53. So far, the stock has traded as high as $2.53 and as low as $2.4. Today’s decline has come with about 1.75 million shares changing hands, compared to an average 30-day volume of 478,155 for Curis Inc.. The price is currently below the 30-day volume weighted average price of $2.49 for CRIS.
The share depreciation gives the company a market capitalization of $327.56 million based upon 129.47 million shares outstanding. It also means that CRIS has a price-to-book ratio of 7.09:1.
In the past 52 weeks, shares of CRIS have traded as low as $1.25 and as high as $3.1842. Technical traders will take note that at $2.4, shares of CRIS are trading above their 200-day MA at $1.84 and above their 50-day MA at $1.79. 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 CRIS?
Curis Inc is a biotechnology company engaged in developing and commercializing drug candidates for the treatment of human cancers. Its products include CUDC-907, phosphatidylinositol-3-kinase and small molecule inhibitor of histone deacetylase. The company’s 44 employees are led by CEO Ali Fattaey from the corporate headquarters at 4 Maguire Road in Lexington, MA.
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