• Return to Headlines

Shares of T2 Biosystems Has Fallen Below Previous 52-Week Low

By James Quinn

T2 Biosystems (NASDAQ:TTOO) traded at a new 52-week low today of $2.09. This new low was reached on above average trading volume as 1 million shares traded hands, while the average 30-day volume is approximately 595,000 shares.

T2 Biosystems share prices have moved between a 52-week high of $9.98 and the current low of $2.09 and are currently at $2.09 per share. The 200-day and 50-day moving averages have moved 1.04% lower and 0.25% lower over the past week, respectively.

T2 Biosystems, Inc. develops direct detection products for diagnostic applications. The Company offers diagnostic instrument for detection of infectious diseases in blood, plasma, serum, saliva, sputum, and urine. T2 Biosystems operates in the United States.

There is potential upside of 297.1% for shares of T2 Biosystems based on a current price of $2.09 and an average consensus analyst price target of $8.30. The stock should find initial resistance at its 50-day moving average (MA) of $2.71 and further resistance at its 200-day MA of $4.28.

SmarTrend is tracking the current trend status for T2 Biosystems and will alert subscribers who have TTOO in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows t2 biosystems

Ticker(s): TTOO