ANGLE (LON:AGL) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

ANGLE plc (LON:AGL)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 13.39 ($0.17) and traded as low as GBX 7.81 ($0.10). ANGLE shares last traded at GBX 8.25 ($0.11), with a volume of 834,348 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 70 ($0.91) price objective on shares of ANGLE in a report on Thursday, September 26th.

ANGLE Trading Up 3.1 %

The company has a market cap of £26.61 million, a P/E ratio of -117.86 and a beta of 0.22. The business’s 50-day moving average price is GBX 9.27 and its 200 day moving average price is GBX 13.40. The company has a debt-to-equity ratio of 17.22, a quick ratio of 6.18 and a current ratio of 5.19.

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.