Eden Research (LON:EDEN) Shares Cross Below 50 Day Moving Average – Here’s Why

Eden Research plc (LON:EDEN) shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 3.66 and traded as low as GBX 2.70. Eden Research shares last traded at GBX 2.80, with a volume of 423,370 shares traded.

Eden Research Price Performance

The business has a 50-day simple moving average of GBX 3.66 and a 200-day simple moving average of GBX 2.98. The company has a quick ratio of 2.42, a current ratio of 2.17 and a debt-to-equity ratio of 5.41. The stock has a market cap of £17.17 million, a P/E ratio of -6.32 and a beta of 0.92.

Eden Research Company Profile

Eden Research is the only UK-listed company focused on biopesticides for sustainable agriculture. It develops and supplies innovative biopesticide products and natural microencapsulation technologies to the global crop protection, animal health and consumer products industries.

Eden’s products are formulated with terpene active ingredients, based on natural plant defence metabolites. To date, they have been primarily used on high-value fruits and vegetables, improving crop yields and marketability, with equal or better performance when compared with conventional pesticides.