Home / Healthcare / Health Care Firm KemPharm Inc. (KMPH) Advances 4.57% at Midday on April 21

Health Care Firm KemPharm Inc. (KMPH) Advances 4.57% at Midday on April 21

KemPharm Inc. (KMPH) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the health care sector during morning trading on April 21. At the lunch break, shares of KMPH have clocked gains of 4.57% to $4.29 after closing the day prior at $4.1. In the first two and a half hours of trading, the stock has gone as high as $4.35 and as low as $4.15. Today’s rise has come with about 9,624 shares changing hands, compared to an average 30-day volume of 37,535 for KemPharm Inc.. The price is currently below the 30-day volume weighted average price of $4.26 for KMPH.

The share appreciation gives the company a market capitalization of $60.05 million based upon 14.65 million shares outstanding. It also means that KMPH has a price-to-book ratio of 162.74:1.

In the past 52 weeks, shares of KMPH have traded as low as $2.9 and as high as $18.9188. Technical traders will take note that at $4.29, shares of KMPH are trading above their 200-day MA at $4.07 and above their 50-day MA at $4.19. 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 above them is typically regarded as bullish.

Who is KMPH?

KemPharm Inc is a clinical-stage specialty pharmaceutical company engaged in the discovery & development of proprietary prodrugs. Its pipeline products include KP415, KP201/IR, KP511/ER, KP606/IR, KP746, and KP303. The company’s 32 employees are led by CEO from the corporate headquarters at 2500 Crosspark Road in Coralville, IA.

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