Evotec (OTCMKTS:EVTCY) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Evotec SE (OTCMKTS:EVTCYGet Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $3.69 and traded as low as $3.59. Evotec shares last traded at $3.60, with a volume of 494,077 shares.

Evotec Trading Up 10.1 %

The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 8.78 and a beta of 0.98. The business has a 50 day moving average of $3.69 and a 200 day moving average of $4.21. The company has a quick ratio of 2.50, a current ratio of 2.57 and a debt-to-equity ratio of 0.53.

About Evotec

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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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