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Beximco Pharmaceuticals (LON:BXP) Share Price Crosses Below 50 Day Moving Average - Here's Why

Beximco Pharmaceuticals logo with Medical background

Beximco Pharmaceuticals Limited (LON:BXP - Get Free Report) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 36.95 ($0.50) and traded as low as GBX 33.33 ($0.45). Beximco Pharmaceuticals shares last traded at GBX 34.71 ($0.47), with a volume of 168,031 shares traded.

Beximco Pharmaceuticals Price Performance

The company's fifty day moving average price is GBX 36.72 and its 200 day moving average price is GBX 37.58. The company has a market capitalization of £23.86 billion, a P/E ratio of 3.76 and a beta of 0.61. The company has a quick ratio of 0.37, a current ratio of 2.13 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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