T2 Biosystems (NASDAQ:TTOO) Shares Pass Below 200-Day Moving Average – Time to Sell?

T2 Biosystems, Inc. (NASDAQ:TTOOGet Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.63 and traded as low as $0.10. T2 Biosystems shares last traded at $0.11, with a volume of 49,269 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of T2 Biosystems in a research report on Thursday. They issued a “sell” rating for the company.

Read Our Latest Stock Report on T2 Biosystems

T2 Biosystems Stock Performance

The firm has a 50 day simple moving average of $0.15 and a 200 day simple moving average of $0.63.

About T2 Biosystems

(Get Free Report)

T2 Biosystems, Inc, an in vitro diagnostics company, develops and sells diagnostic products and product candidates in the United States and internationally. Its technology enables detection of pathogens, biomarkers, and other abnormalities in various unpurified patient sample types, including whole blood, plasma, serum, saliva, sputum, cerebral spinal fluid, and urine.

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