T2 Biosystems (NASDAQ:TTOO) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of T2 Biosystems, Inc. (NASDAQ:TTOOGet Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.01 and traded as low as $0.0004. T2 Biosystems shares last traded at $0.0030, with a volume of 666 shares trading hands.

T2 Biosystems Price Performance

The company has a market cap of $63,129.00, a PE ratio of 0.00 and a beta of 8.21.

About T2 Biosystems

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T2 Biosystems, Inc is a commercial‐stage diagnostics company focused on developing and marketing innovative, rapid diagnostic products designed to improve patient outcomes and reduce healthcare costs. The company’s proprietary T2 Magnetic Resonance (T2MR) technology enables direct detection of pathogens and biomarkers in whole blood without the need for culture, delivering results in hours rather than days. T2 Biosystems’ core mission is to provide clinicians with faster, actionable data to guide treatment decisions, particularly in the management of sepsis, bloodstream infections and other life‐threatening conditions.

The flagship product, the T2Dx® Instrument, serves as the platform for all T2 assays.

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