Beximco Pharmaceuticals (LON:BXP) Shares Up 3.8% – Time to Buy?

Beximco Pharmaceuticals Limited (LON:BXPGet Free Report) rose 3.8% on Tuesday . The stock traded as high as GBX 51.90 and last traded at GBX 51.90. Approximately 59,455 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 72,176 shares. The stock had previously closed at GBX 50.

Beximco Pharmaceuticals Price Performance

The company has a 50-day moving average of GBX 42.69 and a 200 day moving average of GBX 42.65. The company has a quick ratio of 0.37, a current ratio of 2.18 and a debt-to-equity ratio of 12.57. The stock has a market capitalization of £231.53 million, a PE ratio of 0.04 and a beta of 0.61.

About Beximco Pharmaceuticals

(Get Free Report)

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. Since its inception, the Company remains committed to health and wellbeing of people across all the continents by providing access to contemporary medicines.

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