Beximco Pharmaceuticals (LON:BXP) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Beximco Pharmaceuticals Limited (LON:BXPGet Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 37.75 ($0.48) and traded as high as GBX 39.70 ($0.50). Beximco Pharmaceuticals shares last traded at GBX 39.70 ($0.50), with a volume of 25,000 shares.

Beximco Pharmaceuticals Price Performance

The company has a debt-to-equity ratio of 12.47, a quick ratio of 0.37 and a current ratio of 2.13. The firm has a market capitalization of £25.90 billion, a P/E ratio of 4.08 and a beta of 0.61. The business has a fifty day moving average of GBX 37.75 and a 200-day moving average of GBX 32.69.

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.

Further Reading

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