HUTCHMED (LON:HCM) Stock Price Passes Below 200-Day Moving Average - Time to Sell?

HUTCHMED (China) Limited (LON:HCM - Get Free Report)'s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 261.04 ($3.37) and traded as low as GBX 248 ($3.21). HUTCHMED shares last traded at GBX 248 ($3.21), with a volume of 20,179 shares traded.

HUTCHMED Price Performance

The stock has a market cap of £2.58 billion, a PE ratio of -60.74 and a beta of 0.76. The business's 50-day simple moving average is GBX 235.37 and its 200-day simple moving average is GBX 260.86. The company has a quick ratio of 2.97, a current ratio of 2.81 and a debt-to-equity ratio of 11.97.

About HUTCHMED

We are among the first global-focused novel drug discovery companies in China. Over the past two decades, we have established a fully integrated R&D platform with world-class discovery and development capabilities. Since inception, we have focused on bringing cancer drug candidates from in-house discovery to patients around the world, with our first three oncology medicines now approved marketed in China, the first of which is also marketed in the U.S. We have also developed a profitable commercial platform with deep pan-China market access, which manufactures, markets and distributes our novel oncology products, as well as prescription drugs and consumer health products in China. HUTCHMED is listed on the Nasdaq Global Select Market, the Stock Exchange of Hong Kong Limited and the London Stock Exchange's AIM market (Nasdaq/AIM:HCM; HKEX:13).