IXICO (LON:IXI) Shares Cross Above 50-Day Moving Average – Here’s Why

IXICO plc (LON:IXI) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 11 ($0.14) and traded as high as GBX 12.50 ($0.15). IXICO shares last traded at GBX 12.50 ($0.15), with a volume of 510 shares trading hands.

IXICO Trading Up 10.0 %

The business has a 50 day simple moving average of GBX 11.12 and a two-hundred day simple moving average of GBX 9.34. The company has a current ratio of 3.64, a quick ratio of 4.90 and a debt-to-equity ratio of 3.22. The company has a market cap of £5.99 million, a PE ratio of -309.50, a price-to-earnings-growth ratio of -0.38 and a beta of 0.86.

Insider Buying and Selling

In related news, insider Grant Nash purchased 260,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was purchased at an average price of GBX 12 ($0.15) per share, with a total value of £31,200 ($38,390.55). 30.28% of the stock is currently owned by company insiders.

About IXICO

IXICO is a fast growing and profitable medical data analytics company, providing data management and advanced analytics to the pharmaceutical clinical trials market. Established in 2004 and listed as a public company in October 2013, IXICO has firmly established itself as a trusted partner to the global pharmaceutical industry developing new therapies for neurological conditions such as Alzheimer’s, Parkinson’s and Huntington’s disease.

Our purpose is to advance medicine and human health by turning data into clinically meaningful information, providing valuable new insights in neuroscience.