Home / Consumer Goods / Midday Laggard: CryoPort Inc. (CYRX) a Drain on Consumer Goods Sector, Sheds 5.8% on September 23

Midday Laggard: CryoPort Inc. (CYRX) a Drain on Consumer Goods Sector, Sheds 5.8% on September 23

CryoPort Inc. (CYRX) 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 consumer goods sector halfway through the trading day. At the lunch break, shares of CYRX have fallen 5.8% to $1.95 after closing the day prior at $2.07. So far, the stock has traded as high as $2.04 and as low as $1.95. Today’s decline has come with about 2,380 shares changing hands, compared to an average 30-day volume of 18,970 for CryoPort Inc.. The price is currently below the 30-day volume weighted average price of $2.01 for CYRX.

The share depreciation gives the company a market capitalization of $31.3 million based upon 15.12 million shares outstanding. It also means that CYRX has a price-to-book ratio of 6.16:1.

In the past 52 weeks, shares of CYRX have traded as low as $1.0301 and as high as $3.158. Technical traders will take note that at $1.95, shares of CYRX are trading above their 200-day MA at $1.93 and below their 50-day MA at $2.0. 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 CYRX?

CryoPort Inc provides cryogenic logistics solutions to the life sciences industry through its proprietary packaging, information technology and cold chain logistics expertise. It offers logistics solutions for stem cells and CAR-T cells. The company’s 35 employees are led by CEO Jerrell W. Shelton from the corporate headquarters at 17305 Daimler Street in Irvine, CA.

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