MiMedx Group Inc (MDXG) 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 MDXG have fallen 3.43% to $9.02 after closing the day prior at $9.34. So far, the stock has traded as high as $9.35 and as low as $8.92. Today’s decline has come with about 388,465 shares changing hands, compared to an average 30-day volume of 834,267 for MiMedx Group Inc. The price is currently below the 30-day volume weighted average price of $9.03 for MDXG.
The share depreciation gives the company a market capitalization of $1.03 billion based upon 110.04 million shares outstanding. It also means that MDXG has a price-to-book ratio of 8.45:1.
In the past 52 weeks, shares of MDXG have traded as low as $6.64 and as high as $10.55. Technical traders will take note that at $9.02, shares of MDXG are trading above their 200-day MA at $8.07 and above their 50-day MA at $7.8. 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 MDXG?
MiMedx Group Inc is a developer, manufacturer and marketer of patent-protected regenerative biomaterial products and bioimplants processed from human amniotic membrane. The company’s 550 employees are led by CEO Parker H. Petit from the corporate headquarters at 1775 West Oak Commons Court NE in Marietta, GA.
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