Beximco Pharmaceuticals (LON:BXP) Shares Cross Above 50 Day Moving Average – What’s Next?

Beximco Pharmaceuticals Limited (LON:BXP) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 37.75 ($0.48) and traded as high as GBX 39.70 ($0.50). Beximco Pharmaceuticals shares last traded at GBX 39.70 ($0.50), with a volume of 25,000 shares traded.

Beximco Pharmaceuticals Stock Down 1.3 %

The company has a debt-to-equity ratio of 12.47, a current ratio of 2.13 and a quick ratio of 0.37. The stock’s fifty day simple moving average is GBX 37.75 and its 200-day simple moving average is GBX 32.69. The stock has a market cap of £25.90 billion, a P/E ratio of 4.08 and a beta of 0.61.

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.