Beximco Pharmaceuticals (LON:BXP) Share Price Passes Above 50-Day Moving Average – Time to Sell?

Beximco Pharmaceuticals Limited (LON:BXPGet Free Report) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 36.03 ($0.45) and traded as high as GBX 38.98 ($0.49). Beximco Pharmaceuticals shares last traded at GBX 38.98 ($0.49), with a volume of 22,501 shares trading hands.

Beximco Pharmaceuticals Stock Performance

The company has a 50 day moving average of GBX 36.34 and a two-hundred day moving average of GBX 32.75. The company has a debt-to-equity ratio of 14.73, a current ratio of 1.80 and a quick ratio of 0.37. The company has a market capitalization of £166.25 million, a PE ratio of 465.83 and a beta of 0.61.

About Beximco Pharmaceuticals

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Beximco Pharma is a leading manufacturer and exporter of medicines based in Bangladesh. Incorporated in 1976, the Company started its operation by importing products from Bayer, Germany and Upjohn, USA and selling them in the local market. In 1980, Beximco Pharma began manufacturing of these products under licensing arrangement and in 1983 launched its own formulation brands.

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