Home / Healthcare / Health Care Firm Chiasma Inc. (CHMA) Advances 5.97% at Midday on September 23

Health Care Firm Chiasma Inc. (CHMA) Advances 5.97% at Midday on September 23

Chiasma Inc. (CHMA) 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 CHMA have clocked gains of 5.97% to $2.84 after closing the day prior at $2.68. In the first two and a half hours of trading, the stock has gone as high as $2.84 and as low as $2.63. Today’s rise has come with about 112,046 shares changing hands, compared to an average 30-day volume of 74,539 for Chiasma Inc.. The price is currently below the 30-day volume weighted average price of $2.73 for CHMA.

The share appreciation gives the company a market capitalization of $65.28 million based upon 24.36 million shares outstanding. It also means that CHMA has a price-to-book ratio of 0.64:1.

In the past 52 weeks, shares of CHMA have traded as low as $2.4 and as high as $25.13. Technical traders will take note that at $2.84, shares of CHMA are trading below their 200-day MA at $7.26 and above their 50-day MA at $2.7. 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 CHMA?

Chiasma Inc is a biopharmaceutical company focused on improving the lives of patients suffering from orphan diseases by developing and commercializing novel oral forms of therapies that are available today only by injection. The company’s 65 employees are led by CEO Mark W. Leuchtenberger from the corporate headquarters at 60 Wells Avenue in Newton, MA.

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