BioSig Technologies (NASDAQ:BSGM) Trading Down 18% – Here’s Why

BioSig Technologies, Inc. (NASDAQ:BSGMGet Free Report) shares dropped 18% during trading on Wednesday . The stock traded as low as $1.36 and last traded at $1.41. Approximately 288,389 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 447,643 shares. The stock had previously closed at $1.72.

BioSig Technologies Price Performance

The firm has a fifty day simple moving average of $1.10 and a 200 day simple moving average of $0.82.

About BioSig Technologies

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BioSig Technologies, Inc, together with its subsidiaries, a medical device company, engages in development and commercialization of advanced digital signal processing technology platform for the treatment of cardiovascular arrhythmias in the United States. It offers PURE EP system, a signal processing platform that combines hardware and software to address known challenges associated to signal acquisition that enables electrophysiologists to see signals and analyze in real-time, as well as is designed to address long-standing limitations that slow and disrupt cardiac catheter ablation procedures.

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