Bioventix (LON:BVXP) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

Bioventix PLC (LON:BVXP)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 1,594.45 and traded as high as GBX 1,784. Bioventix shares last traded at GBX 1,725, with a volume of 5,061 shares changing hands.

Bioventix Trading Down 1.3%

The company’s 50-day simple moving average is GBX 1,595.05 and its 200-day simple moving average is GBX 1,623.52. The stock has a market capitalization of £89.24 million, a price-to-earnings ratio of 12.15 and a beta of 0.54.

Insiders Place Their Bets

In other news, insider Bruce Hiscock bought 534 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were purchased at an average price of GBX 1,799 per share, with a total value of £9,606.66. Company insiders own 6.23% of the company’s stock.

About Bioventix

Bioventix PLC creates, manufactures, and supplies sheep monoclonal antibodies (SMAs) for diagnostic applications worldwide. The company offers a portfolio of purified SMAs for thyroid, vitamin D, cardiac, drugs of abuse, fertility, oncology, and miscellaneous indications; and Pyrene (HOP-G) ELISA kit to monitor human exposure to industrial pollutants. It also provides contract SMAs and recombinant services. Bioventix PLC was incorporated in 2003 and is based in Farnham, United Kingdom.