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BioSyent (CVE:RX) Stock Price Passes Below 50-Day Moving Average - Here's What Happened

BioSyent logo with Medical background

BioSyent Inc. (CVE:RX - Get Free Report) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$11.26 and traded as low as C$11.03. BioSyent shares last traded at C$11.05, with a volume of 2,810 shares trading hands.

BioSyent Price Performance

The company has a quick ratio of 6.91, a current ratio of 3.92 and a debt-to-equity ratio of 2.90. The business's 50-day simple moving average is C$11.25 and its 200 day simple moving average is C$10.99. The firm has a market capitalization of C$125.81 million, a P/E ratio of 17.85 and a beta of 0.93.

Insider Buying and Selling at BioSyent

In other news, insider FAX Capital Corp. sold 230,800 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of C$11.12, for a total value of C$2,566,496.00. Also, Senior Officer Robert Joseph March sold 4,775 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of C$11.65, for a total transaction of C$55,628.75. Insiders have sold 349,144 shares of company stock worth $3,903,370 over the last ninety days. Insiders own 33.65% of the company's stock.

About BioSyent

(Get Free Report)

BioSyent Inc, together with its subsidiaries, acquires or licenses, develops, and sells pharmaceutical and other healthcare products in Canada and internationally. Its products include FeraMAX Pd Therapeutic 150 for the treatment of iron deficiency anemia; FeraMAX Pd Maintenance 45, a chewable supplement for the prevention of iron deficiency anemia; and FeraMAX Pd Powder 15, a powder form product used for preventing iron deficiency and iron deficiency anemia.

Further Reading

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