Futura Medical (LON:FUM) Shares Cross Below 200-Day Moving Average – Here’s Why

Shares of Futura Medical plc (LON:FUM) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2.77 and traded as low as GBX 1.12. Futura Medical shares last traded at GBX 1.20, with a volume of 504,824 shares trading hands.

Futura Medical Trading Down 5.2%

The company has a market capitalization of £7.00 million, a PE ratio of -0.58 and a beta of 1.25. The business has a fifty day moving average of GBX 1.28 and a 200 day moving average of GBX 2.77.

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.