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

Evotec logo with Medical background

Shares of Evotec SE (OTCMKTS:EVTCY - Get Free Report) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $4.13 and traded as low as $3.64. Evotec shares last traded at $3.69, with a volume of 377,337 shares trading hands.

Evotec Stock Performance

The stock's 50 day moving average price is $4.11 and its 200 day moving average price is $4.00. The company has a current ratio of 2.57, a quick ratio of 2.50 and a debt-to-equity ratio of 0.53. The firm has a market cap of $1.41 billion, a PE ratio of 10.39 and a beta of 0.98.

Evotec Company Profile

(Get Free Report)

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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