Mereo BioPharma Group plc (MPH.L) (LON:MPH) Stock Passes Below Fifty Day Moving Average of $26.50

Mereo BioPharma Group plc (MPH.L) (LON:MPHGet Free Report) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 26.50 ($0.33) and traded as low as GBX 26 ($0.32). Mereo BioPharma Group plc (MPH.L) shares last traded at GBX 26.50 ($0.33), with a volume of 49,264 shares changing hands.

Mereo BioPharma Group plc (MPH.L) Price Performance

The company has a debt-to-equity ratio of 164.26, a current ratio of 2.98 and a quick ratio of 2.92. The company has a market capitalization of £89.76 million and a P/E ratio of -0.21. The firm’s 50-day moving average is GBX 26.50 and its 200-day moving average is GBX 26.50.

About Mereo BioPharma Group plc (MPH.L)

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Mereo BioPharma Group plc, a biopharmaceutical company, acquires, develops, and commercializes therapeutics for the treatment of oncology and rare diseases. Its lead product candidate, etigilimab (OMP-313M32), an antibody T-cell immunoreceptor with Ig and ITIM domains, which is in Phase 1b clinical trial for the treatment of tumor.

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