US Nasdaq stock alert
Afternoon Alert: Solid Biosciences plummets 20.5% on firm volume 20 June 2018 13:18 EDT
NEWS BITES - NORTH AMERICA
Solid Biosciences Inc (NASDAQ:SLDB) traded on heavy volume of 1.3 times average so far today while the price plummeted $US8.82 (or 20.5%) to trade at $US34.18.
Fundamental measures by comparison with the sector average [in brackets] indicate:
+ Price to Book of 18.7 [7.2]
+ Tobin's Q Ratio is 15.9. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.
+ Return on Assets and Return on Capital Employed has been negative in recent years.
The positive 3.75 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
Solid Biosciences Inc (O:SLDB)