Nivalis Therapeutics Inc. (NVLS) 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 NVLS have fallen 3.0% to $8.4 after closing the day prior at $8.66. So far, the stock has traded as high as $8.63 and as low as $8.01. Today’s decline has come with about 111,154 shares changing hands, compared to an average 30-day volume of 91,056 for Nivalis Therapeutics Inc.. The price is currently below the 30-day volume weighted average price of $8.33 for NVLS.
The share depreciation gives the company a market capitalization of $134.26 million based upon 15.5 million shares outstanding. It also means that NVLS has a price-to-book ratio of 1.95:1.
In the past 52 weeks, shares of NVLS have traded as low as $3.68 and as high as $15.1. Technical traders will take note that at $8.4, shares of NVLS are trading above their 200-day MA at $5.34 and above their 50-day MA at $6.06. 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 NVLS?
Nivalis Therapeutics Inc is engaged in developing small molecule therapeutics for the treatment of diseases such as cystic fibrosis, asthma, chronic obstructive pulmonary disease, inflammatory bowel disease and certain cardiovascular disorders. The company’s 29 employees are led by CEO Jon Congleton from the corporate headquarters at 3122 Sterling Circle in Boulder, CO.
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