Brainstorm Cell Therapeutics (NASDAQ:BCLI) Stock Crosses Above 200-Day Moving Average – Here’s Why

Brainstorm Cell Therapeutics Inc. (NASDAQ:BCLIGet Free Report)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.69 and traded as high as $0.8723. Brainstorm Cell Therapeutics shares last traded at $0.8645, with a volume of 6,947 shares.

Brainstorm Cell Therapeutics Stock Up 1.7%

The stock’s fifty day simple moving average is $0.76 and its two-hundred day simple moving average is $0.69. The firm has a market cap of $9.54 million, a PE ratio of -0.26 and a beta of 0.30.

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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