Vermillion Inc. (VRML) 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 VRML have clocked gains of 3.03% to $1.36 after closing the day prior at $1.32. In the first two and a half hours of trading, the stock has gone as high as $1.37 and as low as $1.36. Today’s rise has come with about 432 shares changing hands, compared to an average 30-day volume of 28,646 for Vermillion Inc.. The price is currently below the 30-day volume weighted average price of $1.36 for VRML.
The share appreciation gives the company a market capitalization of $68.93 million based upon 52.22 million shares outstanding. It also means that VRML has a price-to-book ratio of 7.25:1.
In the past 52 weeks, shares of VRML have traded as low as $0.92 and as high as $2.2. Technical traders will take note that at $1.36, shares of VRML are trading below their 200-day MA at $1.4 and above their 50-day MA at $1.31. 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 VRML?
Vermillion Inc is engaged in discovery, development and commercialization of novel high-value diagnostic tests that help physicians diagnose, treat and improve outcomes for patients with gynecologic cancers and related diseases. The company’s 54 employees are led by CEO Valerie Palmieri from the corporate headquarters at 12117 Bee Caves Road, Building Three in Austin, TX.
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