Aegerion Pharmaceuticals Inc. (AEGR) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the health care sector during morning trading on September 23. At the lunch break, shares of AEGR have clocked gains of 3.96% to $2.75 after closing the day prior at $2.65. In the first two and a half hours of trading, the stock has gone as high as $2.82 and as low as $2.61. Today’s rise has come with about 522,838 shares changing hands, compared to an average 30-day volume of 408,632 for Aegerion Pharmaceuticals Inc.. The price is currently below the 30-day volume weighted average price of $2.72 for AEGR.
The share appreciation gives the company a market capitalization of $78.21 million based upon 29.51 million shares outstanding. It also means that AEGR has a price-to-book ratio of 7.03:1.
In the past 52 weeks, shares of AEGR have traded as low as $1.23 and as high as $16.97. Technical traders will take note that at $2.75, shares of AEGR are trading below their 200-day MA at $3.92 and above their 50-day MA at $1.63. 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 AEGR?
Aegerion Pharmaceuticals Inc is a biopharmaceutical company. It is engaged in the development and commercialization of therapies for patients with debilitating rare diseases. The company’s 318 employees are led by CEO Mary T. Szela from the corporate headquarters at One Main Street in Cambridge, MA.
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