ANGLE (LON:AGL) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

ANGLE plc (LON:AGL)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 11.26 ($0.14) and traded as low as GBX 10.50 ($0.13). ANGLE shares last traded at GBX 11.22 ($0.14), with a volume of 865,932 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 70 ($0.85) price objective on shares of ANGLE in a research note on Thursday, September 26th.

ANGLE Stock Performance

The business’s fifty day simple moving average is GBX 10.44 and its 200-day simple moving average is GBX 11.26. The company has a debt-to-equity ratio of 17.22, a quick ratio of 6.18 and a current ratio of 5.19. The firm has a market capitalization of £36.20 million, a PE ratio of -160.33 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.