Evotec (OTCMKTS:EVTCY) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Evotec SE (OTCMKTS:EVTCYGet Free Report) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $4.09 and traded as high as $4.22. Evotec shares last traded at $4.16, with a volume of 42,681 shares.

Evotec Price Performance

The company has a market capitalization of $1.37 billion, a PE ratio of 10.15 and a beta of 0.98. The company has a current ratio of 2.57, a quick ratio of 2.50 and a debt-to-equity ratio of 0.53. The company’s 50 day moving average price is $4.09 and its 200-day moving average price is $4.07.

Evotec Company Profile

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Evotec SE engages in the discovery and development of new drugs for pharmaceutical and biotechnology companies. It operates through the following segments: EVT Execute and EVT Innovate. The EVT Execute segment provides stand-alone or integrated drug discovery solutions for collaborators targets and programmers on a typical fee-for-service basis or through a variety of commercial structures, which may include performance-based components, such as milestones and royalties.

Further Reading

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