genedrive (LON:GDR) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

genedrive plc (LON:GDR) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 2.22 ($0.03) and traded as low as GBX 2.20 ($0.03). genedrive shares last traded at GBX 2.21 ($0.03), with a volume of 5,053,553 shares changing hands.

genedrive Price Performance

The company’s 50 day simple moving average is GBX 2.22 and its 200 day simple moving average is GBX 2.52. The company has a debt-to-equity ratio of 8.57, a current ratio of 1.63 and a quick ratio of 5.52. The stock has a market cap of £12.30 million, a P/E ratio of -56.63 and a beta of -0.04.

genedrive (LON:GDR) last released its quarterly earnings data on Friday, November 29th. The company reported GBX (4.70) (($0.06)) EPS for the quarter. As a group, equities analysts forecast that genedrive plc will post 209.9999867 earnings per share for the current year.

Insider Transactions at genedrive

In related news, insider Ian David Gilham acquired 225,000 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were acquired at an average cost of GBX 2 ($0.02) per share, for a total transaction of £4,500 ($5,602.59). 14.75% of the stock is currently owned by insiders.

genedrive Company Profile

ggenedrive plc is a pharmacogenetic testing company developing and commercialising a low cost, rapid, versatile and simple to use point of need pharmacogenetic platform for the diagnosis of genetic variants. This helps clinicians to quickly access key genetic information that will aid them make the right choices over the right medicine or dosage to use for an effective treatment, particularly important in time-critical emergency care healthcare paradigms.