Home / Healthcare / Health Care Firm Cerecor Inc. (CERC) Advances 4.17% at Midday on September 23

Health Care Firm Cerecor Inc. (CERC) Advances 4.17% at Midday on September 23

Cerecor Inc. (CERC) 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 CERC have clocked gains of 4.17% to $5.0 after closing the day prior at $4.8. In the first two and a half hours of trading, the stock has gone as high as $5.06 and as low as $4.76. Today’s rise has come with about 34,683 shares changing hands, compared to an average 30-day volume of 43,033 for Cerecor Inc.. The price is currently below the 30-day volume weighted average price of $4.92 for CERC.

The share appreciation gives the company a market capitalization of $41.52 million based upon 8.65 million shares outstanding. It also means that CERC has a price-to-book ratio of 7.45:1.

In the past 52 weeks, shares of CERC have traded as low as $1.94 and as high as $5.32. Technical traders will take note that at $5.0, shares of CERC are trading above their 200-day MA at $3.38 and above their 50-day MA at $3.71. 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 CERC?

Cerecor Inc is a clinical-stage biopharmaceutical company engaged in the development of drugs that make a difference in the lives of patients with neurological and psychiatric disorders. The company’s 13 employees are led by CEO Uli Hacksell from the corporate headquarters at 400 East Pratt Street in Baltimore, MD.

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