La Jolla Pharmaceutical Company (LJPC) 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 LJPC have fallen 3.41% to $28.36 after closing the day prior at $29.36. So far, the stock has traded as high as $29.33 and as low as $27.95. Today’s decline has come with about 119,965 shares changing hands, compared to an average 30-day volume of 783,016 for La Jolla Pharmaceutical Company. The price is currently below the 30-day volume weighted average price of $28.61 for LJPC.
The share depreciation gives the company a market capitalization of $536.16 million based upon 18.26 million shares outstanding. It also means that LJPC has a price-to-book ratio of 9.4:1.
In the past 52 weeks, shares of LJPC have traded as low as $14.24 and as high as $39.28. Technical traders will take note that at $28.36, shares of LJPC are trading above their 200-day MA at $21.6 and below their 50-day MA at $28.85. 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 LJPC?
La Jolla Pharmaceutical Co is a biopharmaceutical company focused on the discovery, development and commercialization of therapies intended to improve outcomes in patients suffering from life-threatening diseases. The company’s 105 employees are led by CEO George F. Tidmarsh from the corporate headquarters at 10182 Telesis Court in San Diego, CA.
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