Beximco Pharmaceuticals (LON:BXP) Stock Passes Above 50-Day Moving Average – Here’s Why

Shares of Beximco Pharmaceuticals Limited (LON:BXPGet Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 41.93 and traded as high as GBX 44.13. Beximco Pharmaceuticals shares last traded at GBX 44.13, with a volume of 360,000 shares traded.

Beximco Pharmaceuticals Stock Down 1.1%

The firm’s 50 day moving average price is GBX 41.93 and its two-hundred day moving average price is GBX 42.24. The company has a market cap of £196.29 million, a P/E ratio of 0.03 and a beta of 0.61. The company has a debt-to-equity ratio of 12.47, a quick ratio of 0.37 and a current ratio of 2.13.

About Beximco Pharmaceuticals

(Get Free Report)

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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