ReShape Lifesciences (OTCMKTS:RSLSD) Shares Up 2.3% – Here’s Why

Shares of ReShape Lifesciences Inc. (OTCMKTS:RSLSD) rose 2.3% during trading on Monday . The stock traded as high as $5.37 and last traded at $5.37. Approximately 6,500 shares changed hands during trading, an increase of 377% from the average daily volume of 1,362 shares. The stock had previously closed at $5.25.

ReShape Lifesciences Stock Performance

The company has a current ratio of 1.17, a quick ratio of 1.07 and a debt-to-equity ratio of 0.05. The stock has a 50-day moving average of $5.37.

About ReShape Lifesciences

ReShape Lifesciences Inc, a medical device company, focuses on the design, development, and commercialization of technology to treat obesity, metabolic diseases, and other gastrointestinal disorders. The company's product portfolio includes ReShape vBloc, a therapy that enables patients to feel full and eat less by intermittently blocking hunger signals on the vagus nerve; ReShape Vest system, an investigational, minimally invasive, laparoscopically implanted medical device that wraps around the stomach to enable weight loss in obese and morbidly obese patients without permanently changing patient anatomy; and Lap-Band System, a minimally invasive long-term treatment of severe obesity and more invasive surgical stapling procedures, such as the gastric bypass or sleeve gastrectomy.