Eisai (OTCMKTS:ESALY) Share Price Passes Below 50-Day Moving Average – Here’s What Happened

Eisai Co., Ltd. (OTCMKTS:ESALY)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $61.51 and traded as low as $61.00. Eisai shares last traded at $61.51, with a volume of 331,800 shares traded.

Eisai Price Performance

The firm has a 50 day moving average price of $61.51 and a 200 day moving average price of $61.51. The stock has a market capitalization of $17.64 billion, a PE ratio of 70.70, a price-to-earnings-growth ratio of 2.46 and a beta of 0.31. The company has a current ratio of 2.20, a quick ratio of 1.77 and a debt-to-equity ratio of 0.10.

Eisai Company Profile

Eisai Co, Ltd. is a research-driven global pharmaceutical company headquartered in Tokyo, Japan. Founded in 1941 by Toyoji Naito, Eisai focuses on the discovery, development, manufacture and commercialization of prescription medicines and related healthcare products. The company emphasizes neuroscience and oncology as core therapeutic areas and invests in both small-molecule and biologic research to address unmet medical needs.

Among its well-known products, Eisai developed and markets Aricept (donepezil), a widely used treatment for the symptoms of Alzheimer’s disease, and LENVIMA (lenvatinib), an oncology therapy for several tumor types.