Beximco Pharmaceuticals (LON:BXP) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Shares of Beximco Pharmaceuticals Limited (LON:BXPGet Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 41.67 and traded as low as GBX 38. Beximco Pharmaceuticals shares last traded at GBX 38.80, with a volume of 5,000 shares.

Beximco Pharmaceuticals Trading Up 2.1%

The business has a 50 day moving average of GBX 42.69 and a two-hundred day moving average of GBX 41.67. The company has a current ratio of 2.13, a quick ratio of 0.37 and a debt-to-equity ratio of 12.47. The firm has a market cap of £173.09 million, a P/E ratio of 0.03 and a beta of 0.61.

Beximco Pharmaceuticals Company Profile

(Get Free Report)

Beximco Pharma is a leading manufacturer and exporter of medicines based in Bangladesh. Incorporated in 1976, the Company started its operation by importing products from Bayer, Germany and Upjohn, USA and selling them in the local market. In 1980, Beximco Pharma began manufacturing of these products under licensing arrangement and in 1983 launched its own formulation brands.

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