Home / Healthcare / Marinus Pharmaceuticals Inc. (MRNS) Charges Ahead 6.25%, Just After Opening Bell on September 23 to Bolster Health Care Stocks

Marinus Pharmaceuticals Inc. (MRNS) Charges Ahead 6.25%, Just After Opening Bell on September 23 to Bolster Health Care Stocks

Marinus Pharmaceuticals Inc. (MRNS) is one of the best performing stocks in the health care sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on September 23. Shares of MRNS have climbed 6.25% about 30 minutes into the session to $1.87 after closing the day prior at $1.76. It’s early, but the stock has traded as high as $1.88 and as low as $1.75 so far. Today’s quick advance has come with about 133,197 shares changing hands, compared to an average 30-day volume of 547,695 for Marinus Pharmaceuticals Inc.. The price is currently below the 30-day volume weighted average price of $1.83 for MRNS.

The share appreciation gives the company a market capitalization of $34.34 million based upon 19.51 million shares outstanding. It also means that MRNS has a price-to-book ratio of 1.06:1 and a price-to-earnings ratio of :1.

In the past 52 weeks, shares of MRNS have traded as low as $1.19 and as high as $13.308. Technical traders will take note that at $1.87, shares of MRNS are trading below their 200-day MA at $4.16 and above their 50-day MA at $1.66. 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 MRNS?

Marinus Pharmaceuticals Inc is a biopharmaceutical company. It is engaged in developing and commercializing therapeutics to treat epilepsy and neuropsychiatric disorders. The company’s 15 employees are led by CEO Christopher M. Cashman from the corporate headquarters at 100 Matsonford Road.

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