Amphastar Pharmaceuticals Inc. (AMPH) 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 AMPH have clocked gains of 3.09% to $20.36 after closing the day prior at $19.75. In the first two and a half hours of trading, the stock has gone as high as $20.64 and as low as $19.5. Today’s rise has come with about 412,807 shares changing hands, compared to an average 30-day volume of 768,339 for Amphastar Pharmaceuticals Inc.. The price is currently below the 30-day volume weighted average price of $20.33 for AMPH.
The share appreciation gives the company a market capitalization of $891.14 million based upon 45.12 million shares outstanding. It also means that AMPH has a price-to-book ratio of 2.9:1.
In the past 52 weeks, shares of AMPH have traded as low as $10.5 and as high as $21.53. Technical traders will take note that at $20.36, shares of AMPH are trading above their 200-day MA at $14.55 and above their 50-day MA at $18.2. 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 AMPH?
Amphastar Pharmaceuticals Inc is a specialty pharmaceutical company engaged in developing, manufacturing, marketing and selling generic and proprietary injectable & inhalation products. Its products are used in hospitals or urgent care clinical settings. The company’s 1460 employees are led by CEO Jack Yongfeng Zhang from the corporate headquarters at 11570 6th Street in Rancho Cucamonga, CA.
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