Bioventix (LON:BVXP) Shares Pass Below Fifty Day Moving Average - Here's Why

Key Points

• Bioventix PLC shares dropped below their 50-day moving average, trading at GBX 2,478 ($33.51), while the moving average stood at GBX 2,519.81 ($34.08).
• The company's market capitalization is approximately £128.80 million, with a notably high price-to-earnings ratio of 1,664.19.
• Bioventix specializes in the production of sheep monoclonal antibodies for various diagnostic applications, including thyroid and vitamin D testing.

Bioventix PLC (LON:BVXP - )'s stock price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 2,519.81 ($34.08) and traded as low as GBX 2,440 ($33.00). Bioventix shares last traded at GBX 2,478 ($33.51), with a volume of 8,150 shares traded.

Bioventix Trading Down 1.4%

The firm has a market capitalization of £128.80 million, a price-to-earnings ratio of 1,664.19 and a beta of 0.35. The stock's 50 day moving average price is GBX 2,519.81 and its two-hundred day moving average price is GBX 2,633.46.

About Bioventix

Bioventix PLC creates, manufactures, and supplies sheep monoclonal antibodies (SMAs) for diagnostic applications worldwide. The company offers a portfolio of purified SMAs for thyroid, vitamin D, cardiac, drugs of abuse, fertility, oncology, and miscellaneous indications; and Pyrene (HOP-G) ELISA kit to monitor human exposure to industrial pollutants.

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