Aurinia Pharmaceuticals Inc (AUPH) 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 AUPH have clocked gains of 3.61% to $2.37 after closing the day prior at $2.28. In the first two and a half hours of trading, the stock has gone as high as $2.4 and as low as $2.3. Today’s rise has come with about 1.25 million shares changing hands, compared to an average 30-day volume of 1.89 million for Aurinia Pharmaceuticals Inc. The price is currently below the 30-day volume weighted average price of $2.37 for AUPH.
The share appreciation gives the company a market capitalization of $80.54 million based upon 36.55 million shares outstanding. It also means that AUPH has a price-to-book ratio of 4.13:1.
In the past 52 weeks, shares of AUPH have traded as low as $1.42 and as high as $4.49. Technical traders will take note that at $2.37, shares of AUPH are trading below their 200-day MA at $2.6 and below their 50-day MA at $2.65. 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 AUPH?
Aurinia Pharmaceuticals Inc is a clinical stage pharmaceutical company. Its focused on the development of its novel therapeutic immunomodulating drug candidate, voclosporin, for the treatment of lupus nephritis. The company’s 16 employees are led by CEO Stephen W. Zaruby from the corporate headquarters at 4464 Markham Street in Victoria, BC.
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