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Beximco Pharmaceuticals (LON:BXP) Stock Passes Above Fifty Day Moving Average - Time to Sell?

Beximco Pharmaceuticals logo with Medical background

Beximco Pharmaceuticals Limited (LON:BXP - Get Free Report)'s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 35.50 ($0.43) and traded as high as GBX 38.50 ($0.47). Beximco Pharmaceuticals shares last traded at GBX 37.22 ($0.46), with a volume of 146,684 shares traded.

Beximco Pharmaceuticals Stock Performance

The firm has a market capitalization of £165.80 million, a price-to-earnings ratio of 464.56 and a beta of 0.61. The company has a debt-to-equity ratio of 14.73, a current ratio of 1.80 and a quick ratio of 0.37. The firm has a 50 day moving average price of GBX 35.54 and a 200-day moving average price of GBX 32.77.

Beximco Pharmaceuticals Company Profile

(Get Free Report)

Beximco Pharma is a leading manufacturer and exporter of medicines based in Bangladesh. Incorporated in 1976, the Company started its operation by importing products from Bayer, Germany and Upjohn, USA and selling them in the local market. In 1980, Beximco Pharma began manufacturing of these products under licensing arrangement and in 1983 launched its own formulation brands.

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