ANGLE (LON:AGL) Share Price Passes Below 200-Day Moving Average – Should You Sell?

ANGLE plc (LON:AGL)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 10.73 ($0.14) and traded as low as GBX 9.50 ($0.12). ANGLE shares last traded at GBX 9.60 ($0.12), with a volume of 1,123,393 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 40 ($0.52) target price on shares of ANGLE in a report on Wednesday, January 29th.

ANGLE Price Performance

The company has a debt-to-equity ratio of 17.22, a current ratio of 5.19 and a quick ratio of 6.18. The company’s 50 day simple moving average is GBX 12.29 and its 200 day simple moving average is GBX 10.70. The company has a market capitalization of £29.00 million, a PE ratio of -1.33 and a beta of 0.22.

About ANGLE

ANGLE plc, a medical diagnostic company, engages in developing cancer diagnostics products in Europe, North America, and the United Kingdom. The company develops and commercializes Parsortix cell separation system, which captures and harvests circulating tumor cells in metastatic breast cancer patient blood; and HyCEAD.