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Evotec (OTCMKTS:EVTCY) Stock Price Passes Above 50-Day Moving Average - Here's Why

Evotec logo with Medical background

Evotec SE (OTCMKTS:EVTCY - Get Free Report) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $4.00 and traded as high as $4.09. Evotec shares last traded at $4.01, with a volume of 270,643 shares trading hands.

Evotec Price Performance

The company has a debt-to-equity ratio of 0.53, a current ratio of 2.57 and a quick ratio of 2.50. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 9.17 and a beta of 0.98. The stock's 50 day simple moving average is $4.03 and its 200-day simple moving average is $4.08.

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.

Further Reading

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