Bellerophon Therapeutics Inc. (BLPH) 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 BLPH have clocked gains of 3.03% to $1.47 after closing the day prior at $1.43. In the first two and a half hours of trading, the stock has gone as high as $1.5 and as low as $1.46. Today’s rise has come with about 3,477 shares changing hands, compared to an average 30-day volume of 46,037 for Bellerophon Therapeutics Inc.. The price is currently below the 30-day volume weighted average price of $1.48 for BLPH.
The share appreciation gives the company a market capitalization of $20.88 million based upon 14.6 million shares outstanding. It also means that BLPH has a price-to-book ratio of 1.04:1.
In the past 52 weeks, shares of BLPH have traded as low as $1.09 and as high as $7.64. Technical traders will take note that at $1.47, shares of BLPH are trading below their 200-day MA at $2.06 and below their 50-day MA at $1.61. 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 BLPH?
Bellerophon Therapeutics Inc is a clinical-stage therapeutics company developing products at the intersection of drugs and devices that address unmet medical needs in the treatment of cardiopulmonary and cardiac diseases. The company’s 22 employees are led by CEO Fabian Tenenbaum from the corporate headquarters at 184 Liberty Corner Road in Warren, NJ.
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