Eden Research (LON:EDEN) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Eden Research plc (LON:EDEN) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 4.07 ($0.05) and traded as low as GBX 3.92 ($0.05). Eden Research shares last traded at GBX 3.92 ($0.05), with a volume of 778,479 shares changing hands.

Eden Research Price Performance

The company has a quick ratio of 2.42, a current ratio of 3.80 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of £21.22 million, a PE ratio of -200.00 and a beta of 0.92. The stock has a 50-day moving average price of GBX 3.86 and a 200 day moving average price of GBX 4.07.

About Eden Research

Eden Research is the only UK-listed company focused on biopesticides for sustainable agriculture. It develops and supplies innovative biopesticide products and natural microencapsulation technologies to the global crop protection, animal health and consumer products industries.

Eden’s products are formulated with terpene active ingredients, based on natural plant defence metabolites.