Beximco Pharmaceuticals (LON:BXP) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of Beximco Pharmaceuticals Limited (LON:BXPGet Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 41.44 and traded as low as GBX 40. Beximco Pharmaceuticals shares last traded at GBX 40, with a volume of 20,080 shares traded.

Beximco Pharmaceuticals Stock Down 4.8%

The company has a market cap of £178.44 million, a price-to-earnings ratio of 0.03 and a beta of 0.61. The stock has a 50-day simple moving average of GBX 44.28 and a 200-day simple moving average of GBX 41.44. The company has a current ratio of 2.13, a quick ratio of 0.37 and a debt-to-equity ratio of 12.47.

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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