OvaScience Inc. (OVAS) 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 OVAS have fallen 8.24% to $8.13 after closing the day prior at $8.86. So far, the stock has traded as high as $8.98 and as low as $8.11. Today’s decline has come with about 372,360 shares changing hands, compared to an average 30-day volume of 353,230 for OvaScience Inc.. The price is currently below the 30-day volume weighted average price of $8.56 for OVAS.
The share depreciation gives the company a market capitalization of $315.07 million based upon 35.56 million shares outstanding. It also means that OVAS has a price-to-book ratio of 2.15:1.
In the past 52 weeks, shares of OVAS have traded as low as $4.53 and as high as $18.4999. Technical traders will take note that at $8.13, shares of OVAS are trading above their 200-day MA at $7.31 and above their 50-day MA at $6.12. 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 OVAS?
OvaScience Inc is a life science company engaged in discovery, development, and commercialization of new fertility treatments for women. Its patented technology is based on scientific discoveries about the existence of egg precursor, or EggPC, cells. The company’s 87 employees are led by CEO Harald F. Stock from the corporate headquarters at 9 Fourth Avenue in Waltham, MA.
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