Galapagos NV (GLPG) is one of the best performing stocks in the health care sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on September 23. Shares of GLPG have climbed 4.9% about 30 minutes into the session to $72.63 after closing the day prior at $69.24. It’s early, but the stock has traded as high as $72.72 and as low as $72.49 so far. Today’s quick advance has come with about 9,119 shares changing hands, compared to an average 30-day volume of 85,758 for Galapagos NV. The price is currently below the 30-day volume weighted average price of $72.62 for GLPG.
The share appreciation gives the company a market capitalization of $3.19 billion based upon 46.11 million shares outstanding. It also means that GLPG has a price-to-book ratio of 3.91:1 and a price-to-earnings ratio of :1.
In the past 52 weeks, shares of GLPG have traded as low as $37.03 and as high as $69.48. Technical traders will take note that at $72.63, shares of GLPG are trading above their 200-day MA at $51.31 and above their 50-day MA at $55.38. 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 GLPG?
Galapagos NV is a clinical-stage biotechnology company engaged in the discovery and development of small molecule medicines with novel modes of action, addressing disease areas of high unmet medical need. The company’s 435 employees are led by CEO Onno van de Stolpe from the corporate headquarters at Generaal De Wittelaan L11 A3.
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