Applied Genetic Technologies Corporation (AGTC) lost ground during morning trading on April 21 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 AGTC have fallen 5.65% to $5.85 after closing the day prior at $6.2. So far, the stock has traded as high as $6.32 and as low as $5.75. Today’s decline has come with about 142,752 shares changing hands, compared to an average 30-day volume of 138,273 for Applied Genetic Technologies Corporation. The price is currently below the 30-day volume weighted average price of $5.97 for AGTC.
The share depreciation gives the company a market capitalization of $112.12 million based upon 18.08 million shares outstanding. It also means that AGTC has a price-to-book ratio of 0.98:1.
In the past 52 weeks, shares of AGTC have traded as low as $5.9 and as high as $19.86. Technical traders will take note that at $5.85, shares of AGTC are trading below their 200-day MA at $9.87 and below their 50-day MA at $7.11. 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 AGTC?
Applied Genetic Technologies Corp is a clinical-stage biotechnology company. It is developing gene therapy products designed to transform the lives of patients with severe diseases in ophthalmology. The company’s 53 employees are led by CEO from the corporate headquarters at 14193 NW 119th Terrace in Alachua, FL.
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