Home / Healthcare / Health Care Firm Forward Pharma A/S (FWP) Advances 5.48% at Midday on September 23

Health Care Firm Forward Pharma A/S (FWP) Advances 5.48% at Midday on September 23

Forward Pharma A/S (FWP) 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 FWP have clocked gains of 5.48% to $21.04 after closing the day prior at $19.95. In the first two and a half hours of trading, the stock has gone as high as $21.04 and as low as $19.97. Today’s rise has come with about 805 shares changing hands, compared to an average 30-day volume of 9,807 for Forward Pharma A/S. The price is currently below the 30-day volume weighted average price of $20.41 for FWP.

The share appreciation gives the company a market capitalization of $935.09 million based upon 46.87 million shares outstanding. It also means that FWP has a price-to-book ratio of 6.0:1.

In the past 52 weeks, shares of FWP have traded as low as $11.22 and as high as $29.41. Technical traders will take note that at $21.04, shares of FWP are trading above their 200-day MA at $18.55 and above their 50-day MA at $20.28. 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 FWP?

Forward Pharma AS is a Danish biopharmaceutical company preparing to initiate a clinical trial using FP187, a proprietary formulation of dimethyl fumarate, or DMF, for the treatment of multiple sclerosis, or MS, patients. The company’s 15 employees are led by CEO Peder Moller Andersen from the corporate headquarters at Ostergade 24A, 1 in Copenhagen K, .


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