PhotoMedex, Inc. (NASDAQ:PHMD) Closed 9.0% Above Its 50 Day Average

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Company shares last traded at $1.25 which is a tad above the 50 day moving average of $1.15 and just above the 200 day moving average of $1.18. The 50 day moving average was up $0.10 or +9.0328% and the 200 day average went up by +5.9039%. Trading volume for PhotoMedex, Inc. was 3,366 on Tuesday. Overall, volume was down 94.37% under the stocks normal daily volume.

Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Citadel Advisors LLC had disposed of a total of 24,649 shares trimming its stake by 70.3%. The value of the company’s investment in PhotoMedex, Inc. decreased from $16,000 to $6,000 a change of $10,000 for the reporting period.

PhotoMedex, Inc., launched on December 28, 2010, is a global health products and services company providing integrated disease management and solutions to dermatologists, professional aestheticians and consumers. The Company provides products and services that address skin diseases and conditions, including acne and photo damage. It operates through three business segments: Consumer segment, Physician Recurring segment and Professional segment. It provides skin health solutions to spa markets, as well as traditional retail, online and infomercial outlets for home-use products. In addition, its professional product line includes offerings for acne clearance, skin tightening, psoriasis care and hair removal sold to physician clinics and spas. The Consumer segment is involved in the designing, development, manufacturing and selling of long-term hair reduction and acne consumer products. The Physician Recurring segment is involved in the sales of skincare products. The Professional segment is involved in the sale of equipment, such as medical and esthetic light and heat based products..

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