Evotec (OTCMKTS:EVTCY) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Evotec SE (OTCMKTS:EVTCY)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $4.42 and traded as high as $4.47. Evotec shares last traded at $4.42, with a volume of 44,607 shares trading hands.

Evotec Price Performance

The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.50 and a current ratio of 2.57. The business has a fifty day simple moving average of $4.42 and a 200-day simple moving average of $4.16. The stock has a market capitalization of $1.46 billion, a P/E ratio of 10.78 and a beta of 0.98.

Evotec Company Profile

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.