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

Bioventix logo with Medical background

Bioventix PLC (LON:BVXP - Get Free Report)'s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 2,734.67 ($37.53) and traded as low as GBX 2,600 ($35.68). Bioventix shares last traded at GBX 2,700 ($37.05), with a volume of 1,989 shares trading hands.

Bioventix Stock Performance

The firm has a market cap of £145.57 million, a price-to-earnings ratio of 17.98 and a beta of 0.35. The company's fifty day moving average is GBX 2,748.41 and its two-hundred day moving average is GBX 2,872.94.

Bioventix (LON:BVXP - Get Free Report) last posted its earnings results on Monday, March 31st. The biotechnology company reported GBX 72.27 ($0.99) earnings per share for the quarter. Bioventix had a net margin of 59.51% and a return on equity of 69.09%. As a group, analysts forecast that Bioventix PLC will post 166.3066955 earnings per share for the current fiscal year.

Bioventix Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, April 25th. Investors of record on Thursday, April 10th were issued a dividend of GBX 70 ($0.96) per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a dividend yield of 2.95%. Bioventix's payout ratio is 102.19%.

Insider Activity at Bioventix

In other news, insider Bruce Hiscock purchased 31 shares of the company's stock in a transaction that occurred on Monday, April 28th. The shares were purchased at an average price of GBX 2,632 ($36.12) per share, with a total value of £815.92 ($1,119.69). Company insiders own 8.02% of the company's stock.

Bioventix Company Profile

(Get Free Report)

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.

Further Reading

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