Home / Healthcare / Nexvet Biopharma plc (NVET) Gives Up 3.72% at Midday on September 23, Pressuring Health Care Stocks

Nexvet Biopharma plc (NVET) Gives Up 3.72% at Midday on September 23, Pressuring Health Care Stocks

Nexvet Biopharma plc (NVET) 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 NVET have fallen 3.72% to $4.09 after closing the day prior at $4.25. So far, the stock has traded as high as $4.28 and as low as $4.09. Today’s decline has come with about 1,667 shares changing hands, compared to an average 30-day volume of 13,317 for Nexvet Biopharma plc. The price is currently below the 30-day volume weighted average price of $4.17 for NVET.

The share depreciation gives the company a market capitalization of $49.72 million based upon 11.7 million shares outstanding. It also means that NVET has a price-to-book ratio of 1.42:1.

In the past 52 weeks, shares of NVET have traded as low as $2.6101 and as high as $6.5. Technical traders will take note that at $4.09, shares of NVET are trading above their 200-day MA at $3.79 and below their 50-day MA at $4.78. 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 NVET?

Nexvet Biopharma PLC is a clinical-stage biopharmaceutical company. The Company is engaged in transforming the field of companion animal therapeutics by developing and commercializing novel, species-specific biologics. The company’s 51 employees are led by CEO Mark Heffernan from the corporate headquarters at Rahan Road in Tullamore, .


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