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Beximco Pharmaceuticals (LON:BXP) Stock Crosses Above 50-Day Moving Average - Should You Sell?

Beximco Pharmaceuticals logo with Medical background

Key Points

  • Beximco Pharmaceuticals' stock price surpassed its 50-day moving average of GBX 42.31, trading as high as GBX 46.87 ($0.63) this Tuesday.
  • The company has a market capitalization of £214.13 million and a low price-to-earnings ratio of 3.37, indicating potential valuation attractiveness.
  • Beximco Pharmaceuticals is a leading manufacturer and exporter of medicines based in Bangladesh, involved in production since 1980.
  • MarketBeat previews top five stocks to own in October.

Beximco Pharmaceuticals Limited (LON:BXP - Get Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 42.31 ($0.57) and traded as high as GBX 46.87 ($0.63). Beximco Pharmaceuticals shares last traded at GBX 46.87 ($0.63), with a volume of 1,000 shares trading hands.

Beximco Pharmaceuticals Stock Performance

The firm has a market cap of £203.52 million, a P/E ratio of 3.20 and a beta of 0.61. The stock's 50 day moving average is GBX 42.93 and its two-hundred day moving average is GBX 39.40. The company has a debt-to-equity ratio of 12.47, a current ratio of 2.13 and a quick ratio of 0.37.

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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