Futura Medical (LON:FUM) Shares Cross Above 50-Day Moving Average – Here’s Why

Shares of Futura Medical plc (LON:FUM) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 1.22 and traded as high as GBX 1.35. Futura Medical shares last traded at GBX 1.22, with a volume of 2,402,059 shares changing hands.

Futura Medical Price Performance

The firm’s 50-day moving average price is GBX 1.22 and its 200-day moving average price is GBX 5.13. The company has a market cap of £7.12 million, a price-to-earnings ratio of -0.59 and a beta of 1.25.

Insider Transactions at Futura Medical

In related news, insider Harmesh Suniara sold 4,441,678 shares of the stock in a transaction on Thursday, November 13th. The stock was sold at an average price of GBX 2, for a total value of £88,833.56. Corporate insiders own 25.86% of the company’s stock.

Futura Medical Company Profile

Futura Medical plc (AIM: FUM) is the developer of innovative sexual health products, including lead product Eroxon® and products WSD4000 and Eroxon® Intense. Our core strength lies in our research, development and commercialisation of topically delivered gel formulations in sexual health products.

Sexual health issues are prevalent in both men and women. ED impacts 1 in 5 men globally across all adult age brackets, with approximately half of all men over 40 experiencing ED and 25% of all new diagnoses being in men under 40.