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Futura Medical (LON:FUM) Stock Price Passes Below Two Hundred Day Moving Average - Here's What Happened

Futura Medical logo with Medical background

Futura Medical plc (LON:FUM - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 34.78 ($0.43) and traded as low as GBX 29.55 ($0.36). Futura Medical shares last traded at GBX 31.10 ($0.38), with a volume of 196,169 shares.

Futura Medical Price Performance

The firm's fifty day simple moving average is GBX 33.67 and its 200 day simple moving average is GBX 34.73. The company has a market capitalization of £91.93 million, a price-to-earnings ratio of -3,040.00 and a beta of 1.25.

About Futura Medical

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Futura Medical plc, a pharmaceutical company, develops pharmaceutical and healthcare products for the consumer healthcare markets focusing on sexual health and pain relief management. Its lead product is MED3000, a topical gel for the treatment of erectile dysfunction. The company also develops pain relief products, including TPR100, a topical diclofenac pain relief gel; CBD100, a topical cannabidiol formulation; and TIB200, a topical ibuprofen pain relief gel.

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