Delcath Systems Inc. (DCTH) 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 DCTH have fallen 4.59% to $3.74 after closing the day prior at $3.92. So far, the stock has traded as high as $3.86 and as low as $3.74. Today’s decline has come with about 5,640 shares changing hands, compared to an average 30-day volume of 16,639 for Delcath Systems Inc.. The price is currently below the 30-day volume weighted average price of $3.79 for DCTH.
The share depreciation gives the company a market capitalization of $5.97 million based upon 1.52 million shares outstanding. It also means that DCTH has a price-to-book ratio of 1.1:1.
In the past 52 weeks, shares of DCTH have traded as low as $2.8 and as high as $10.88. Technical traders will take note that at $3.74, shares of DCTH are trading below their 200-day MA at $4.94 and below their 50-day MA at $3.92. 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 DCTH?
Delcath Systems Inc is a late-stage clinical development company with early commercial activity in Europe focused on cancers of the liver. The company’s 59 employees are led by CEO Jennifer K. Simpson from the corporate headquarters at 1301 Avenue of the Americas in New York, NY.
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