Biome Technologies (LON:BIOM) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Biome Technologies plc (LON:BIOMGet Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 8.38 ($0.10) and traded as low as GBX 3 ($0.04). Biome Technologies shares last traded at GBX 3.15 ($0.04), with a volume of 931,415 shares traded.

Biome Technologies Stock Down 10.0 %

The firm’s 50 day moving average price is GBX 3.90 and its two-hundred day moving average price is GBX 8.19. The firm has a market capitalization of £1.62 million, a PE ratio of -9.26 and a beta of 2.26. The company has a quick ratio of 0.90, a current ratio of 1.11 and a debt-to-equity ratio of 7,386.67.

About Biome Technologies

(Get Free Report)

The Group comprises two divisions, Biome Bioplastics Limited and Stanelco RF Technologies Limited. Biome Bioplastics is a leading developer of highly-functional, bio-based and biodegradable plastics. The company’s mission is to produce bioplastics that challenge the dominance of oil-based polymers. Stanelco RF Technologies designs, builds and services advanced radio frequency (RF) systems.

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