Oasmia Pharmaceutical AB (OASM) 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 OASM have fallen 3.59% to $3.22 after closing the day prior at $3.34. So far, the stock has traded as high as $3.26 and as low as $3.22. Today’s decline has come with about 2,000 shares changing hands, compared to an average 30-day volume of 4,830 for Oasmia Pharmaceutical AB. The price is currently below the 30-day volume weighted average price of $3.24 for OASM.
The share depreciation gives the company a market capitalization of $119.36 million based upon 35.74 million shares outstanding. It also means that OASM has a price-to-book ratio of 3.53:1.
In the past 52 weeks, shares of OASM have traded as low as $2.7525 and as high as $5.25. Technical traders will take note that at $3.22, shares of OASM are trading below their 200-day MA at $3.72 and below their 50-day MA at $3.35. 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 OASM?
Oasmia Pharmaceutical AB is a pharmaceutical company. It develops a new generation of drugs within human and veterinary oncology. It has two approved products: Paclical and Paccal Vet-CA1. The company’s 75 employees are led by CEO Mikael Asp from the corporate headquarters at Vallongatan 1 in Uppsala, .
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