Brainstorm Cell Therapeutics (NASDAQ:BCLI) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Brainstorm Cell Therapeutics Inc. (NASDAQ:BCLIGet Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.69 and traded as high as $0.83. Brainstorm Cell Therapeutics shares last traded at $0.8295, with a volume of 32,971 shares traded.

Brainstorm Cell Therapeutics Price Performance

The company has a market capitalization of $8.28 million, a price-to-earnings ratio of -0.22 and a beta of 0.30. The business has a fifty day moving average price of $0.77 and a 200 day moving average price of $0.69.

About Brainstorm Cell Therapeutics

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BrainStorm Cell Therapeutics Inc (NASDAQ: BCLI) is a clinical?stage biotechnology company focused on developing autologous cell therapies for the treatment of neurodegenerative diseases. The company’s proprietary platform leverages mesenchymal stem cells (MSCs) that are engineered to secrete neurotrophic and growth factors designed to support neuronal survival and function.

The company’s lead product candidate, NurOwn, is an autologous MSC therapy currently in advanced clinical development for amyotrophic lateral sclerosis (ALS).

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