Futura Medical (LON:FUM) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Futura Medical plc (LON:FUM) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 19.39 ($0.26) and traded as low as GBX 8.52 ($0.11). Futura Medical shares last traded at GBX 9 ($0.12), with a volume of 1,580,114 shares changing hands.

Futura Medical Trading Down 2.2%

The firm’s 50-day moving average price is GBX 9.23 and its 200-day moving average price is GBX 19.39. The stock has a market capitalization of £28.05 million, a PE ratio of -7.42 and a beta of 1.25.

Futura Medical (LON:FUM) last announced its earnings results on Tuesday, April 15th. The company reported GBX 0.43 ($0.01) earnings per share (EPS) for the quarter. Futura Medical had a negative net margin of 44.64% and a negative return on equity of 56.44%. On average, equities research analysts predict that Futura Medical plc will post 2.8486672 earnings per share for the current fiscal year.

Futura Medical Company Profile

Futura Medical plc, a pharmaceutical company, develops pharmaceutical and healthcare products for the consumer healthcare markets focusing on sexual health and pain relief management. Its lead product is MED3000, a topical gel for the treatment of erectile dysfunction. The company also develops pain relief products, including TPR100, a topical diclofenac pain relief gel; CBD100, a topical cannabidiol formulation; and TIB200, a topical ibuprofen pain relief gel.