Eden Research (LON:EDEN) Share Price Crosses Below Fifty Day Moving Average – Time to Sell?

Eden Research plc (LON:EDEN)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 2.75 and traded as low as GBX 2.20. Eden Research shares last traded at GBX 2.40, with a volume of 443,630 shares changing hands.

Eden Research Stock Down 7.7%

The business’s fifty day moving average price is GBX 2.73 and its 200 day moving average price is GBX 3.17. The company has a market capitalization of £17.43 million, a P/E ratio of -4.90 and a beta of 1.57. The company has a current ratio of 2.25, a quick ratio of 2.42 and a debt-to-equity ratio of 1.43.

Eden Research (LON:EDEN) last issued its earnings results on Wednesday, August 26th. The company reported GBX (0.36) earnings per share for the quarter. Eden Research had a negative net margin of 44.31% and a negative return on equity of 15.05%. As a group, equities research analysts predict that Eden Research plc will post -66.0000038 earnings per share for the current fiscal year.

About Eden Research

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.