Atossa Genetics Inc. (ATOS) 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 ATOS have fallen 3.83% to $0.63 after closing the day prior at $0.66. So far, the stock has traded as high as $0.7 and as low as $0.62. Today’s decline has come with about 142,546 shares changing hands, compared to an average 30-day volume of 347,993 for Atossa Genetics Inc.. The price is currently below the 30-day volume weighted average price of $0.66 for ATOS.
The share depreciation gives the company a market capitalization of $3.94 million based upon 6.01 million shares outstanding. It also means that ATOS has a price-to-book ratio of 1.27:1.
In the past 52 weeks, shares of ATOS have traded as low as $0.592 and as high as $6.15. Technical traders will take note that at $0.63, shares of ATOS are trading below their 200-day MA at $2.07 and below their 50-day MA at $1.22. 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 ATOS?
Atossa Genetics Inc is a clinical-stage pharmaceutical company engaged in the development of novel therapeutics and delivery methods for the treatment of breast cancer and other breast conditions. The company’s 6 employees are led by CEO Steven C. Quay from the corporate headquarters at 107 Spring Street in Seattle, WA.
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