Tissue Regenix Group (LON:TRX) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Tissue Regenix Group plc (LON:TRXGet Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 50.97 ($0.68) and traded as low as GBX 33 ($0.44). Tissue Regenix Group shares last traded at GBX 34.16 ($0.46), with a volume of 68,688 shares changing hands.

Tissue Regenix Group Stock Performance

The business’s fifty day simple moving average is GBX 38.88 and its 200-day simple moving average is GBX 50.97. The firm has a market cap of £31.55 million, a P/E ratio of -36.13 and a beta of 1.61. The company has a current ratio of 4.03, a quick ratio of 2.36 and a debt-to-equity ratio of 31.16.

About Tissue Regenix Group

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Tissue Regenix is a leading medical device company in regenerative medicine. The Company’s patented decellularisation technology (dCELL®) removes DNA and other cellular material from animal and human soft tissue, leaving an acellular tissue scaffold not rejected by the patient’s body that can be used to repair diseased or damaged body structures.

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