Alliance Pharma (LON:APH) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of Alliance Pharma plc (LON:APH) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 52.26 ($0.68) and traded as high as GBX 64.50 ($0.84). Alliance Pharma shares last traded at GBX 64.20 ($0.83), with a volume of 476,889 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank lowered shares of Alliance Pharma to a “hold” rating and reduced their target price for the stock from GBX 7,000 ($90.90) to GBX 6,250 ($81.16) in a report on Wednesday, January 29th.

Alliance Pharma Trading Up 0.2 %

The company has a current ratio of 2.93, a quick ratio of 1.42 and a debt-to-equity ratio of 46.27. The company has a market cap of £347.61 million, a price-to-earnings ratio of -10.35, a P/E/G ratio of 1.04 and a beta of 0.67. The firm’s 50-day moving average price is GBX 62.39 and its 200 day moving average price is GBX 52.26.

About Alliance Pharma

Alliance Pharma plc operates as a pharmaceutical company in Europe, the Middle East, Africa, the Asia Pacific, China, and the Americas. The company acquires, markets, and distributes consumer healthcare and prescription medicine products. The company also offers medicines, medical devices, food supplements, and cosmetics.