Derma Sciences Inc. (DSCI) 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 DSCI have clocked gains of 5.11% to $4.94 after closing the day prior at $4.7. In the first two and a half hours of trading, the stock has gone as high as $4.96 and as low as $4.69. Today’s rise has come with about 12,352 shares changing hands, compared to an average 30-day volume of 51,710 for Derma Sciences Inc.. The price is currently below the 30-day volume weighted average price of $4.82 for DSCI.
The share appreciation gives the company a market capitalization of $133.04 million based upon 28.31 million shares outstanding. It also means that DSCI has a price-to-book ratio of 1.3:1.
In the past 52 weeks, shares of DSCI have traded as low as $2.85 and as high as $6.4028. Technical traders will take note that at $4.94, shares of DSCI are trading above their 200-day MA at $3.95 and above their 50-day MA at $4.75. 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 DSCI?
Derma Sciences Inc is a medical device company engaged in two segments of the wound care marketplace: advanced wound care and traditional wound care products. Its products include MEDIHONEY, TCC-EZ, AMNIOEXCEL, BIOGUARD, and AMNIOMATRIX. The company’s 263 employees are led by CEO Stephen T. Wills from the corporate headquarters at 214 Carnegie Center in Princeton, NJ.
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