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Beximco Pharmaceuticals (LON:BXP) Stock Price Crosses Above Fifty Day Moving Average - Here's Why

Beximco Pharmaceuticals logo with Medical background

Key Points

  • Beximco Pharmaceuticals (LON:BXP) has seen its stock price rise above the 50-day moving average, reaching a high of GBX 46.50 during trading.
  • The company's market capitalization is currently £202.76 million, with a P/E ratio of 3.19 and a beta of 0.61, indicating relatively low volatility.
  • Despite the recent uptick, Beximco Pharmaceuticals shares are down 2.3% as per the latest trading results.
  • MarketBeat previews top five stocks to own in October.

Beximco Pharmaceuticals Limited (LON:BXP - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 43.57 ($0.59) and traded as high as GBX 46.50 ($0.63). Beximco Pharmaceuticals shares last traded at GBX 45.45 ($0.62), with a volume of 3,953 shares changing hands.

Beximco Pharmaceuticals Stock Performance

The company has a quick ratio of 0.37, a current ratio of 2.13 and a debt-to-equity ratio of 12.47. The firm's 50 day moving average is GBX 44 and its two-hundred day moving average is GBX 39.67. The stock has a market cap of £207.44 million, a price-to-earnings ratio of 3.26 and a beta of 0.61.

About Beximco Pharmaceuticals

(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.

Further Reading

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