Beximco Pharmaceuticals (LON:BXP) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Beximco Pharmaceuticals Limited (LON:BXP)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 37.33 ($0.46) and traded as high as GBX 38.50 ($0.48). Beximco Pharmaceuticals shares last traded at GBX 38.40 ($0.48), with a volume of 70,935 shares changing hands.

Beximco Pharmaceuticals Trading Down 0.5 %

The stock has a market cap of £170.86 million, a P/E ratio of 478.75 and a beta of 0.61. The company has a debt-to-equity ratio of 14.73, a quick ratio of 0.37 and a current ratio of 1.80. The firm’s fifty day simple moving average is GBX 37.33 and its 200-day simple moving average is GBX 32.69.

Beximco Pharmaceuticals Company Profile

Beximco Pharma is a leading manufacturer and exporter of medicines based in Bangladesh. Incorporated in 1976, the Company started its operation by importing products from Bayer, Germany and Upjohn, USA and selling them in the local market. In 1980, Beximco Pharma began manufacturing of these products under licensing arrangement and in 1983 launched its own formulation brands.