Home / Healthcare / Health Care Firm SteadyMed Ltd. (STDY) Advances 5.08% at Midday on April 21

Health Care Firm SteadyMed Ltd. (STDY) Advances 5.08% at Midday on April 21

SteadyMed Ltd. (STDY) 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 STDY have clocked gains of 5.08% to $6.2 after closing the day prior at $5.9. In the first two and a half hours of trading, the stock has gone as high as $6.59 and as low as $6.05. Today’s rise has come with about 68,987 shares changing hands, compared to an average 30-day volume of 254,295 for SteadyMed Ltd.. The price is currently below the 30-day volume weighted average price of $6.23 for STDY.

The share appreciation gives the company a market capitalization of $118.82 million based upon 20.14 million shares outstanding. It also means that STDY has a price-to-book ratio of 8.3:1.

In the past 52 weeks, shares of STDY have traded as low as $2.25 and as high as $9.7. Technical traders will take note that at $6.2, shares of STDY are trading above their 200-day MA at $3.59 and above their 50-day MA at $4.47. 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 STDY?

SteadyMed Ltd is a specialty pharmaceutical company focused on the development and commercialization of therapeutic product candidates that address the limitations of products in certain orphan and other well-defined specialty markets. The company’s 27 employees are led by CEO Jonathan Rigby from the corporate headquarters at 5 Oppenheimer Street in Rehovot, .

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