Bioventix (LON:BVXP) Stock Price Crosses Below 50-Day Moving Average - Here's Why

Key Points

• Bioventix PLC shares have fallen below their 50-day moving average of GBX 2,483.17, reaching a low of GBX 2,400 ($32.35) during trading.
• The company has a market capitalization of £126.71 million and a significantly high price-to-earnings ratio of 1,637.19.
• Bioventix specializes in the creation and supply of sheep monoclonal antibodies for various diagnostic applications globally, including thyroid and cardiac health.

Bioventix PLC (LON:BVXP - ) shares passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 2,483.17 ($33.47) and traded as low as GBX 2,400 ($32.35). Bioventix shares last traded at GBX 2,400 ($32.35), with a volume of 9,767 shares traded.

Bioventix Trading Down 1.0%

The firm has a 50-day simple moving average of GBX 2,483.17 and a two-hundred day simple moving average of GBX 2,619.06. The company has a market capitalization of £126.71 million, a price-to-earnings ratio of 1,637.19 and a beta of 0.35.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.