ANGLE (LON:AGL) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

ANGLE plc (LON:AGL) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 10.73 ($0.14) and traded as low as GBX 9.50 ($0.12). ANGLE shares last traded at GBX 9.60 ($0.12), with a volume of 1,123,393 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 40 ($0.52) price target on shares of ANGLE in a research report on Wednesday, January 29th.

ANGLE Stock Down 7.7 %

The company has a market capitalization of £29.00 million, a PE ratio of -1.33 and a beta of 0.22. The company has a current ratio of 5.19, a quick ratio of 6.18 and a debt-to-equity ratio of 17.22. The business has a fifty day moving average of GBX 12.29 and a 200 day moving average of GBX 10.70.

About ANGLE

ANGLE plc, a medical diagnostic company, engages in developing cancer diagnostics products in Europe, North America, and the United Kingdom. The company develops and commercializes Parsortix cell separation system, which captures and harvests circulating tumor cells in metastatic breast cancer patient blood; and HyCEAD.