Apricus Biosciences Inc. (APRI) 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 APRI have fallen 9.54% to $1.24 after closing the day prior at $1.37. So far, the stock has traded as high as $1.29 and as low as $1.17. Today’s decline has come with about 1.87 million shares changing hands, compared to an average 30-day volume of 250,298 for Apricus Biosciences Inc.. The price is currently below the 30-day volume weighted average price of $1.23 for APRI.
The share depreciation gives the company a market capitalization of $10.61 million based upon 7.74 million shares outstanding. It also means that APRI has a price-to-book ratio of 43.47:1.
In the past 52 weeks, shares of APRI have traded as low as $1.1 and as high as $5.95. Technical traders will take note that at $1.24, shares of APRI are trading below their 200-day MA at $2.58 and below their 50-day MA at $2.4. 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 APRI?
Apricus Biosciences Inc is a pharmaceutical company. It focuses on the development of product candidates in the areas of urology and rheumatology. The company has two product candidates currently in development invluding Vitaros and RayVa. The company’s 24 employees are led by CEO Richard W. Pascoe from the corporate headquarters at 11975 El Camino Real in San Diego, CA.
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