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Evotec (OTCMKTS:EVTCY) Stock Crosses Above Fifty Day Moving Average - Here's Why

Evotec logo with Medical background

Evotec SE (OTCMKTS:EVTCY - Get Free Report) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $3.86 and traded as high as $4.16. Evotec shares last traded at $4.12, with a volume of 192,035 shares trading hands.

Evotec Price Performance

The company has a market capitalization of $1.41 billion, a P/E ratio of 10.41 and a beta of 0.98. The company's 50-day moving average price is $3.93 and its two-hundred day moving average price is $4.10. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.57 and a quick ratio of 2.50.

About Evotec

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Evotec SE engages in the discovery and development of new drugs for pharmaceutical and biotechnology companies. It operates through the following segments: EVT Execute and EVT Innovate. The EVT Execute segment provides stand-alone or integrated drug discovery solutions for collaborators targets and programmers on a typical fee-for-service basis or through a variety of commercial structures, which may include performance-based components, such as milestones and royalties.

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