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MaxCyte (LON:MXCT) Stock Passes Below 50 Day Moving Average - Time to Sell?

MaxCyte logo with Medical background

Shares of MaxCyte, Inc. (LON:MXCT - Get Free Report) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 298.81 ($3.88) and traded as low as GBX 273 ($3.54). MaxCyte shares last traded at GBX 279 ($3.62), with a volume of 2,555 shares changing hands.

MaxCyte Price Performance

The company has a current ratio of 14.31, a quick ratio of 14.38 and a debt-to-equity ratio of 8.37. The business's 50-day simple moving average is GBX 298.07 and its two-hundred day simple moving average is GBX 325.72. The firm has a market cap of £297.40 million, a price-to-earnings ratio of -1,092.31 and a beta of 1.13.

Insider Transactions at MaxCyte

In other MaxCyte news, insider Stan Erck sold 47,689 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of GBX 388 ($5.03), for a total transaction of £185,033.32 ($239,960.21). 1.45% of the stock is currently owned by corporate insiders.

About MaxCyte

(Get Free Report)

MaxCyte, Inc, a life sciences company, discovers, develops, and commercializes next-generation cell therapies in the United States and internationally. Its products include ExPERT ATx, a static electroporation instrument for small to medium scale transfection; ExPERT STx, a flow electroporation for protein production and drug development, as well as expression of therapeutic targets for cell-based assays; ExPERT GTx, a flow electroporation for large scale transfection in therapeutic applications; and ExPERT VLx for very large volume cell-engineering.

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