Eden Research (LON:EDEN) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Eden Research plc (LON:EDEN)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3.38 and traded as low as GBX 2.80. Eden Research shares last traded at GBX 3, with a volume of 339,021 shares.

Eden Research Stock Up 3.4%

The stock’s 50 day simple moving average is GBX 3.24 and its two-hundred day simple moving average is GBX 3.38. The firm has a market cap of £24.10 million, a P/E ratio of -6.77 and a beta of 1.81. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.25 and a quick ratio of 2.42.

Eden Research Company Profile

Eden Research is the only UK-listed company focused on biopesticides for sustainable agriculture. It develops and supplies innovative biopesticide products and natural microencapsulation technologies to the global crop protection, animal health and consumer products industries.

Eden’s products are formulated with terpene active ingredients, based on natural plant defence metabolites. To date, they have been primarily used on high-value fruits and vegetables, improving crop yields and marketability, with equal or better performance when compared with conventional pesticides.