Home / Healthcare / PTC Therapeutics Inc. (PTCT) Charges Ahead 3.06%, Just After Opening Bell on September 23 to Bolster Health Care Stocks

PTC Therapeutics Inc. (PTCT) Charges Ahead 3.06%, Just After Opening Bell on September 23 to Bolster Health Care Stocks

PTC Therapeutics Inc. (PTCT) is one of the best performing stocks in the health care sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on September 23. Shares of PTCT have climbed 3.06% about 30 minutes into the session to $11.28 after closing the day prior at $10.94. It’s early, but the stock has traded as high as $11.3 and as low as $10.8 so far. Today’s quick advance has come with about 67,735 shares changing hands, compared to an average 30-day volume of 1.26 million for PTC Therapeutics Inc.. The price is currently below the 30-day volume weighted average price of $11.04 for PTCT.

The share appreciation gives the company a market capitalization of $374.67 million based upon 34.25 million shares outstanding. It also means that PTCT has a price-to-book ratio of 2.26:1 and a price-to-earnings ratio of :1.

In the past 52 weeks, shares of PTCT have traded as low as $5.27 and as high as $35.76. Technical traders will take note that at $11.28, shares of PTCT are trading below their 200-day MA at $12.51 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 above them is typically regarded as bullish.

Who is PTCT?

PTC Therapeutics Inc is a biopharmaceutical company focused on the discovery and development of orally administered, proprietary small-molecule drugs that target post-transcriptional control processes. The company’s 320 employees are led by CEO Stuart W. Peltz from the corporate headquarters at 100 Corporate Court.

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