Avenue Therapeutics (NASDAQ:ATXI) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Avenue Therapeutics, Inc. (NASDAQ:ATXI – Get Free Report) shares passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $0.36 and traded as low as $0.28. Avenue Therapeutics shares last traded at $0.3053, with a volume of 1,129 shares.

Avenue Therapeutics Stock Performance

The stock has a 50 day moving average of $0.46 and a two-hundred day moving average of $0.35. The stock has a market cap of $1.01 million, a PE ratio of 0.02 and a beta of -0.32.

About Avenue Therapeutics

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Avenue Therapeutics, Inc. is a clinical-stage specialty pharmaceutical company focused on developing and commercializing therapies for acute pain. The company has concentrated primarily on hospital-based treatments, with the goal of addressing pain management needs while offering alternatives to conventional opioid therapies. Avenue’s lead product candidate is intravenous (IV) tramadol, an investigational formulation of tramadol hydrochloride intended for the management of acute postoperative pain in adults who require an intravenous analgesic.

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