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

Eden Research plc (LON:EDEN)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 3.39 and traded as low as GBX 2.60. Eden Research shares last traded at GBX 2.60, with a volume of 753,910 shares traded.

Eden Research Price Performance

The firm has a fifty day simple moving average of GBX 3.10 and a 200-day simple moving average of GBX 3.39. The company has a market capitalization of £20.89 million, a PE ratio of -5.87 and a beta of 1.81. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.42 and a current ratio of 2.25.

About Eden Research

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.