Home / Healthcare / Health Care Firm Pernix Therapeutics Holdings Inc. (PTX) Advances 5.88% at Midday on September 23

Health Care Firm Pernix Therapeutics Holdings Inc. (PTX) Advances 5.88% at Midday on September 23

Pernix Therapeutics Holdings Inc. (PTX) 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 PTX have clocked gains of 5.88% to $0.66 after closing the day prior at $0.62. In the first two and a half hours of trading, the stock has gone as high as $0.66 and as low as $0.61. Today’s rise has come with about 2.43 million shares changing hands, compared to an average 30-day volume of 5.28 million for Pernix Therapeutics Holdings Inc.. The price is currently below the 30-day volume weighted average price of $0.64 for PTX.

The share appreciation gives the company a market capitalization of $52.82 million based upon 85.12 million shares outstanding. It also means that PTX has a price-to-book ratio of 5.79:1.

In the past 52 weeks, shares of PTX have traded as low as $0.3901 and as high as $4.244. Technical traders will take note that at $0.66, shares of PTX are trading below their 200-day MA at $1.22 and above their 50-day MA at $0.63. 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 PTX?

Pernix Therapeutics Holdings Inc is a specialty pharmaceutical company.It identifies,develops,and commercialises differentiated products for unmet medical needs. The company’s 274 employees are led by CEO John A. Sedor from the corporate headquarters at 10 North Park Place in Morristown, NJ.

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