Burcon NutraScience (TSE:BU) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Burcon NutraScience Co. (TSE:BU) (NYSE:BUR) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.04 and traded as low as C$1.89. Burcon NutraScience shares last traded at C$1.89, with a volume of 11,519 shares.

Burcon NutraScience Stock Performance

The stock has a fifty day simple moving average of C$2.03 and a two-hundred day simple moving average of C$2.04. The company has a debt-to-equity ratio of -1,514.36, a quick ratio of 1.71 and a current ratio of 0.22. The stock has a market capitalization of C$23.98 million, a price-to-earnings ratio of -0.54 and a beta of 2.46.

Burcon NutraScience (TSE:BU) (NYSE:BUR) last announced its quarterly earnings data on Wednesday, February 11th. The company reported C($0.28) earnings per share (EPS) for the quarter. The business had revenue of C$0.74 million during the quarter. Burcon NutraScience had a negative net margin of 870.87% and a negative return on equity of 630.53%. Analysts forecast that Burcon NutraScience Co. will post 0.000341 earnings per share for the current fiscal year.

Burcon NutraScience Company Profile

Burcon is a global technology leader in the development of plant-based proteins. With over 285 issued patents and more than 250 additional patent applications, that have been developed over a span of more than twenty years, Burcon has grown an extensive portfolio of composition, application, and process patents covering novel plant-based proteins derived from pea, canola, soy, hemp, sunflower seed and more. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives.