Cambridge Cognition (LON:COG) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of Cambridge Cognition Holdings Plc (LON:COG) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 34.58 and traded as high as GBX 40. Cambridge Cognition shares last traded at GBX 37, with a volume of 74,713 shares trading hands.

Analyst Upgrades and Downgrades

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

Cambridge Cognition Trading Down 3.9%

The company has a debt-to-equity ratio of 63.61, a quick ratio of 0.96 and a current ratio of 0.39. The company’s 50-day moving average price is GBX 39.04 and its 200-day moving average price is GBX 34.56. The firm has a market capitalization of £17.23 million, a PE ratio of -9.74 and a beta of 0.78.

About Cambridge Cognition

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.