Chiasma Inc. (CHMA) 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 CHMA have fallen 6.45% to $1.45 after closing the day prior at $1.55. So far, the stock has traded as high as $1.61 and as low as $1.45. Today’s decline has come with about 124,569 shares changing hands, compared to an average 30-day volume of 62,615 for Chiasma Inc.. The price is currently below the 30-day volume weighted average price of $1.51 for CHMA.
The share depreciation gives the company a market capitalization of $37.76 million based upon 24.36 million shares outstanding. It also means that CHMA has a price-to-book ratio of 0.44:1.
In the past 52 weeks, shares of CHMA have traded as low as $1.5 and as high as $3.93. Technical traders will take note that at $1.45, shares of CHMA are trading below their 200-day MA at $2.23 and below their 50-day MA at $1.65. 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 CHMA?
Chiasma Inc is a biopharmaceutical company focused on improving the lives of patients suffering from orphan diseases by developing and commercializing novel oral forms of therapies that are available today only by injection. The company’s 17 employees are led by CEO Mark J. Fitzpatrick from the corporate headquarters at 275 Wyman Street in Waltham, MA.
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