KemPharm Inc. (KMPH) lost ground during morning trading on September 23 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the health care sector halfway through the trading day. At the lunch break, shares of KMPH have fallen 3.52% to $4.39 after closing the day prior at $4.55. So far, the stock has traded as high as $4.61 and as low as $4.31. Today’s decline has come with about 51,950 shares changing hands, compared to an average 30-day volume of 81,116 for KemPharm Inc.. The price is currently below the 30-day volume weighted average price of $4.42 for KMPH.
The share depreciation gives the company a market capitalization of $66.64 million based upon 14.65 million shares outstanding. It also means that KMPH has a price-to-book ratio of 200.13:1.
In the past 52 weeks, shares of KMPH have traded as low as $3.52 and as high as $22.5. Technical traders will take note that at $4.39, shares of KMPH are trading below their 200-day MA at $10.78 and below their 50-day MA at $4.49. 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 below them is typically regarded as bearish.
Who is KMPH?
KemPharm Inc is a development stage company. The Company is a clinical-stage specialty pharmaceutical company engaged in the discovery & development of proprietary prodrugs that it believes will be improved versions of widely prescribed, approved drugs. The company’s 26 employees are led by CEO from the corporate headquarters at 2656 Crosspark Road in Coralville, IA.
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