Beximco Pharmaceuticals (LON:BXP) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Beximco Pharmaceuticals Limited (LON:BXP)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 35.50 ($0.43) and traded as high as GBX 38.50 ($0.47). Beximco Pharmaceuticals shares last traded at GBX 37.22 ($0.45), with a volume of 146,684 shares.

Beximco Pharmaceuticals Stock Performance

The company has a market cap of £165.80 million, a P/E ratio of 464.56 and a beta of 0.61. The firm has a 50 day moving average of GBX 35.62 and a 200-day moving average of GBX 32.76. The company has a quick ratio of 0.37, a current ratio of 1.80 and a debt-to-equity ratio of 14.73.

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.