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MaxCyte (LON:MXCT) Share Price Passes Below 50-Day Moving Average - Here's What Happened

MaxCyte logo with Medical background
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Shares of MaxCyte, Inc. (LON:MXCT - Get Free Report) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 322.33 ($4.16) and traded as low as GBX 242 ($3.13). MaxCyte shares last traded at GBX 243.10 ($3.14), with a volume of 9,254 shares traded.

MaxCyte Trading Down 6.2 %

The company has a debt-to-equity ratio of 8.59, a current ratio of 9.81 and a quick ratio of 14.38. The stock has a market cap of £316.85 million, a price-to-earnings ratio of -8.80 and a beta of 1.13. The business's 50 day moving average is GBX 320.49 and its 200 day moving average is GBX 306.83.

About MaxCyte

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MaxCyte is a leading cell-engineering company providing enabling platform technologies to advance the discovery, development and commercialization of next-generation cell-based therapeutics and to support innovative, cell-based research. MaxCyte brings best-in-class technology paired with ongoing support designed to facilitate complex engineering of a wide variety of cells and payloads, with the aim of advancing new treatment options for patients.

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