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

Bioventix logo with Medical background

Bioventix PLC (LON:BVXP - Get Free Report) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 2,734.67 ($37.03) and traded as low as GBX 2,600 ($35.20). Bioventix shares last traded at GBX 2,700 ($36.56), with a volume of 1,989 shares traded.

Bioventix Stock Down 1.1%

The firm's 50 day simple moving average is GBX 2,734.67 and its 200 day simple moving average is GBX 2,888.37. The company has a market capitalization of £139.76 million, a PE ratio of 17.26 and a beta of 0.35.

Bioventix (LON:BVXP - Get Free Report) last issued its earnings results on Monday, March 31st. The biotechnology company reported GBX 72.27 ($0.98) earnings per share (EPS) for the quarter. Bioventix had a net margin of 59.51% and a return on equity of 69.09%. As a group, sell-side analysts predict that Bioventix PLC will post 166.3066955 EPS for the current fiscal year.

Bioventix Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, April 25th. Stockholders of record on Thursday, April 10th were paid a dividend of GBX 70 ($0.95) per share. This represents a dividend yield of 2.95%. The ex-dividend date of this dividend was Thursday, April 10th. Bioventix's dividend payout ratio is currently 102.19%.

Insider Activity

In other news, insider Bruce Hiscock acquired 31 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The stock was purchased at an average cost of GBX 2,632 ($35.63) per share, for a total transaction of £815.92 ($1,104.68). Insiders own 8.02% of the company's stock.

About Bioventix

(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.

See Also

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.

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