Beximco Pharmaceuticals (LON:BXP) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Beximco Pharmaceuticals Limited (LON:BXPGet Free Report) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 35.50 ($0.43) and traded as high as GBX 38.50 ($0.47). Beximco Pharmaceuticals shares last traded at GBX 37.22 ($0.45), with a volume of 146,684 shares trading hands.

Beximco Pharmaceuticals Stock Performance

The company has a current ratio of 1.80, a quick ratio of 0.37 and a debt-to-equity ratio of 14.73. The business’s 50 day moving average is GBX 35.62 and its two-hundred day moving average is GBX 32.76. The company has a market cap of £165.80 million, a PE ratio of 464.56 and a beta of 0.61.

About Beximco Pharmaceuticals

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Beximco Pharma is a leading manufacturer and exporter of medicines based in Bangladesh. Incorporated in 1976, the Company started its operation by importing products from Bayer, Germany and Upjohn, USA and selling them in the local market. In 1980, Beximco Pharma began manufacturing of these products under licensing arrangement and in 1983 launched its own formulation brands.

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