Eden Research (LON:EDEN) Shares Cross Above 50 Day Moving Average – Time to Sell?

Eden Research plc (LON:EDEN)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 3.35 and traded as high as GBX 4. Eden Research shares last traded at GBX 3.95, with a volume of 270,498 shares changing hands.

Eden Research Price Performance

The company has a quick ratio of 2.42, a current ratio of 3.80 and a debt-to-equity ratio of 1.26. The stock has a market cap of £21.07 million, a P/E ratio of -8.91 and a beta of 0.92. The business’s 50-day simple moving average is GBX 3.35 and its two-hundred day simple moving average is GBX 2.94.

Eden Research Company Profile

Eden Research is the only UK-listed company focused on biopesticides for sustainable agriculture. It develops and supplies innovative biopesticide products and natural microencapsulation technologies to the global crop protection, animal health and consumer products industries.

Eden’s products are formulated with terpene active ingredients, based on natural plant defence metabolites. To date, they have been primarily used on high-value fruits and vegetables, improving crop yields and marketability, with equal or better performance when compared with conventional pesticides.