Home / Healthcare / Health Care Firm BioDelivery Sciences International Inc. (BDSI) Advances 11.02% at Midday on September 23

Health Care Firm BioDelivery Sciences International Inc. (BDSI) Advances 11.02% at Midday on September 23

BioDelivery Sciences International Inc. (BDSI) 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 BDSI have clocked gains of 11.02% to $2.72 after closing the day prior at $2.45. In the first two and a half hours of trading, the stock has gone as high as $2.82 and as low as $2.55. Today’s rise has come with about 1.58 million shares changing hands, compared to an average 30-day volume of 548,303 for BioDelivery Sciences International Inc.. The price is currently below the 30-day volume weighted average price of $2.69 for BDSI.

The share appreciation gives the company a market capitalization of $131.42 million based upon 53.64 million shares outstanding. It also means that BDSI has a price-to-book ratio of 19.74:1.

In the past 52 weeks, shares of BDSI have traded as low as $1.86 and as high as $7.04. Technical traders will take note that at $2.72, shares of BDSI are trading below their 200-day MA at $3.16 and above their 50-day MA at $2.51. 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 BDSI?

BioDelivery Sciences International Inc along, with its subsidiaries, is a specialty pharmaceutical company that is developing and commercializing new applications of approved therapeutics to address important unmet medical needs. The company’s 40 employees are led by CEO Mark A. Sirgo from the corporate headquarters at 4131 ParkLake Avenue in Raleigh, NC.

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