Financial stocks listed on the New York Stock Exchange or NASDAQ have gotten some tailwinds from ZAIS Group Holdings Inc. (ZAIS), as one of the best performers in the sector during morning trading on September 23. At the lunch break, shares of ZAIS have advanced 3.86% to $2.15 after closing the day prior at $2.07. In morning action, the stock has moved as high as $2.15 and as low as $2.11. Today’s rise has come with about 5,109 shares changing hands, compared to an average 30-day volume of 55,911 for ZAIS Group Holdings Inc.. The price is currently below the 30-day volume weighted average price of $2.14 for ZAIS.
The share appreciation gives the company a market capitalization of $29.19 million based upon 14.1 million shares outstanding. It also means that ZAIS has a price-to-book ratio of 0.74:1.
In the past 52 weeks, shares of ZAIS have traded as low as $1.32 and as high as $12.73. Technical traders will take note that at $2.15, shares of ZAIS are trading below their 200-day MA at $4.21 and below their 50-day MA at $2.56. 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 ZAIS?
ZAIS Group Holdings Inc is an investment management company. The Company is engaged in investing in specialized credit strategies. The company’s 109 employees are led by CEO Michael Szymanski from the corporate headquarters at Two Bridge Avenue in Red Bank, NJ.
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