Beximco Pharmaceuticals (LON:BXP) Shares Pass Above 50 Day Moving Average – What’s Next?

Beximco Pharmaceuticals Limited (LON:BXP) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 41.80 and traded as high as GBX 45. Beximco Pharmaceuticals shares last traded at GBX 45, with a volume of 285 shares traded.

Beximco Pharmaceuticals Stock Up 5.9%

The firm has a market capitalization of £200.75 million, a price-to-earnings ratio of 0.03 and a beta of 0.61. The company has a debt-to-equity ratio of 12.47, a current ratio of 2.13 and a quick ratio of 0.37. The business has a fifty day moving average price of GBX 41.80 and a two-hundred day moving average price of GBX 42.40.

Beximco Pharmaceuticals Company Profile

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. Since its inception, the Company remains committed to health and wellbeing of people across all the continents by providing access to contemporary medicines.