Cambridge Cognition (LON:COG) Shares Cross Below 50 Day Moving Average – Should You Sell?

Cambridge Cognition Holdings Plc (LON:COG)’s share price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 29.60 and traded as low as GBX 28.45. Cambridge Cognition shares last traded at GBX 31.90, with a volume of 85,994 shares trading hands.

Analyst Ratings Changes

Separately, Panmure Gordon reissued a “buy” rating and set a GBX 56 price target on shares of Cambridge Cognition in a research report on Monday, January 19th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Cambridge Cognition has an average rating of “Buy” and a consensus price target of GBX 56.

Cambridge Cognition Stock Up 18.1%

The company has a current ratio of 0.65, a quick ratio of 0.96 and a debt-to-equity ratio of 92.53. The firm’s 50 day moving average price is GBX 29.60 and its two-hundred day moving average price is GBX 31.47. The company has a market capitalization of £14.85 million, a price-to-earnings ratio of -8.39 and a beta of 0.72.

Cambridge Cognition Company Profile

Cambridge Cognition Holdings Plc, a neuroscience technology company, develops and markets near-patient cognitive testing techniques in the United States, United Kingdom, the European Union, and internationally. The company offers CANTAB digital cognitive assessment platform for drug development by enabling pharmaceutical companies to take new therapeutics from preclinical consultancy to pivotal studies and approval, as well as supports sponsors to enhance recruitment, develop safe and effective treatments, and enhance research and development efficiency.