Beximco Pharmaceuticals (LON:BXP) Stock Crosses Above 50-Day Moving Average – What’s Next?

Beximco Pharmaceuticals Limited (LON:BXP)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 41.80 and traded as high as GBX 45. Beximco Pharmaceuticals shares last traded at GBX 45, with a volume of 285 shares traded.

Beximco Pharmaceuticals Stock Up 5.9%

The company has a debt-to-equity ratio of 12.47, a current ratio of 2.13 and a quick ratio of 0.37. The firm has a market capitalization of £200.75 million, a P/E ratio of 0.03 and a beta of 0.61. The firm’s fifty day moving average price is GBX 41.84 and its 200-day moving average price is GBX 42.42.

Beximco Pharmaceuticals Company Profile

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. Since its inception, the Company remains committed to health and wellbeing of people across all the continents by providing access to contemporary medicines.