HTG Molecular Diagnostics Inc. (HTGM) 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 HTGM have fallen 3.85% to $5.25 after closing the day prior at $5.46. So far, the stock has traded as high as $5.46 and as low as $5.22. Today’s decline has come with about 295,075 shares changing hands, compared to an average 30-day volume of 5.84 million for HTG Molecular Diagnostics Inc.. The price is currently below the 30-day volume weighted average price of $5.33 for HTGM.
The share depreciation gives the company a market capitalization of $42.24 million based upon 7.74 million shares outstanding. It also means that HTGM has a price-to-book ratio of 3.78:1.
In the past 52 weeks, shares of HTGM have traded as low as $1.2 and as high as $13.25. Technical traders will take note that at $5.25, shares of HTGM are trading above their 200-day MA at $2.69 and above their 50-day MA at $3.9. 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 HTGM?
HTG Molecular Diagnostics Inc is a commercial stage company. It develops & markets a novel technology platform to facilitate the routine use of complex molecular profiling with its focus on clinical applications. The company’s 85 employees are led by CEO from the corporate headquarters at 3430 E. Global Loop in Tucson, AZ.
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