Home / Healthcare / Cyclacel Pharmaceuticals Inc. (CYCC) Gives Up 5.37% at Midday on April 21, Pressuring Health Care Stocks

Cyclacel Pharmaceuticals Inc. (CYCC) Gives Up 5.37% at Midday on April 21, Pressuring Health Care Stocks

Cyclacel Pharmaceuticals Inc. (CYCC) 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 CYCC have fallen 5.37% to $5.11 after closing the day prior at $5.4. So far, the stock has traded as high as $5.43 and as low as $5.08. Today’s decline has come with about 98,869 shares changing hands, compared to an average 30-day volume of 1.61 million for Cyclacel Pharmaceuticals Inc.. The price is currently below the 30-day volume weighted average price of $5.21 for CYCC.

The share depreciation gives the company a market capitalization of $23.07 million based upon 4.27 million shares outstanding. It also means that CYCC has a price-to-book ratio of 1.62:1.

In the past 52 weeks, shares of CYCC have traded as low as $3.05 and as high as $10.9. Technical traders will take note that at $5.11, shares of CYCC are trading above their 200-day MA at $4.92 and above their 50-day MA at $4.64. 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 CYCC?

Cyclacel Pharmaceuticals Inc is a biopharmaceutical company engaged in the discovery, development and commercialization of novel, mechanism-targeted drugs to treat cancer and other serious disorders, with development operations in US and UK. The company’s 13 employees are led by CEO Spiro Rombotis from the corporate headquarters at 200 Connell Drive in Berkeley Heights, NJ.

For more information on CYCC and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

All data provided by QuoteMedia, with stock data accurate as of 12:00 PM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information.

About FinancialPress.com

FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here. If you like this article, you can read more at FinancialPress.com

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of FinancialPress.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://financialpress.com/legal-disclaimer/.

Check Also

Siebert Financial Corp. (SIEB) Weighs on Financial Sector, Stock Falls 3.09% on April 21

Siebert Financial Corp. (SIEB) was one of the weakest stocks in the financial sector of …