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Futura Medical (LON:FUM) Shares Pass Below Two Hundred Day Moving Average - Here's Why

Futura Medical logo with Medical background

Futura Medical plc (LON:FUM - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 36.09 ($0.47) and traded as low as GBX 32.85 ($0.43). Futura Medical shares last traded at GBX 33.30 ($0.43), with a volume of 104,440 shares trading hands.

Futura Medical Price Performance

The stock has a market capitalization of £100.09 million, a P/E ratio of -3,310.00 and a beta of 1.25. The firm has a 50-day simple moving average of GBX 34.84 and a 200 day simple moving average of GBX 36.04.

Insider Activity

In other news, insider James Henry Barder sold 250,000 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of GBX 41 ($0.53), for a total value of £102,500 ($133,082.32). Insiders own 32.14% of the company's stock.

About Futura Medical

(Get Free Report)

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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