BIOLASE (NASDAQ:BIOL) Share Price Crosses Above 200 Day Moving Average – Here’s Why

BIOLASE, Inc. (NASDAQ:BIOL)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.01 and traded as high as $0.02. BIOLASE shares last traded at $0.01, with a volume of 35,749 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of BIOLASE in a research report on Friday. They set a “sell” rating for the company.

BIOLASE Stock Performance

The stock has a 50-day simple moving average of $0.01 and a two-hundred day simple moving average of $0.01. The firm has a market cap of $260,574.60, a PE ratio of 0.00 and a beta of 0.67.

BIOLASE Company Profile

BIOLASE, Inc, together with its subsidiaries, develops, manufactures, markets, and sells laser systems for dental practitioners and their patients in the United States and internationally. Its dental laser systems allow dentists, periodontists, endodontists, pediatric dentists, oral surgeons, and other dental specialists to perform a range of minimally invasive dental procedures, including cosmetic, restorative, and complex surgical applications.