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BioSyent (CVE:RX) Share Price Crosses Below 50 Day Moving Average - Time to Sell?

BioSyent logo with Medical background

Shares of BioSyent Inc. (CVE:RX - Get Free Report) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$11.02 and traded as low as C$10.99. BioSyent shares last traded at C$11.30, with a volume of 30,477 shares.

BioSyent Stock Performance

The company has a current ratio of 6.13, a quick ratio of 6.91 and a debt-to-equity ratio of 3.19. The stock has a fifty day moving average price of C$11.02 and a 200 day moving average price of C$10.22. The firm has a market cap of C$130.39 million, a price-to-earnings ratio of 18.83 and a beta of 0.93.

BioSyent (CVE:RX - Get Free Report) last released its earnings results on Monday, August 26th. The company reported C$0.13 earnings per share for the quarter, hitting analysts' consensus estimates of C$0.13. The business had revenue of C$8.95 million for the quarter, compared to the consensus estimate of C$8.80 million. BioSyent had a return on equity of 20.88% and a net margin of 21.14%. As a group, analysts predict that BioSyent Inc. will post 0.6944444 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Seyed Ahmad Ashrafi sold 2,320 shares of the company's stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$10.95, for a total value of C$25,404.00. Insiders own 33.65% of the company's stock.

BioSyent Company Profile

(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.

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