HUTCHMED (LON:HCM) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

HUTCHMED (China) Limited (LON:HCM) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 190.02 and traded as low as GBX 177. HUTCHMED shares last traded at GBX 177, with a volume of 16,639 shares trading hands.

HUTCHMED Stock Performance

The company has a market cap of £1.82 billion, a price-to-earnings ratio of 104.50 and a beta of 0.43. The company has a current ratio of 4.96, a quick ratio of 2.97 and a debt-to-equity ratio of 7.91. The stock’s fifty day simple moving average is GBX 175.49 and its 200 day simple moving average is GBX 189.79.

About HUTCHMED

We are among the first global-focused novel drug discovery companies in China. Over the past two decades, we have established a fully integrated R&D platform with world-class discovery and development capabilities. Since inception, we have focused on bringing cancer drug candidates from in-house discovery to patients around the world, with our first three oncology medicines now approved marketed in China, the first of which is also marketed in the U.S.

We have also developed a profitable commercial platform with deep pan-China market access, which manufactures, markets and distributes our novel oncology products, as well as prescription drugs and consumer health products in China.

HUTCHMED is listed on the Nasdaq Global Select Market, the Stock Exchange of Hong Kong Limited and the London Stock Exchange’s AIM market (Nasdaq/AIM:HCM; HKEX:13).