OptiBiotix Health (LON:OPTI) Shares Pass Below 50-Day Moving Average – What’s Next?

OptiBiotix Health Plc (LON:OPTI)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 17.36 ($0.22) and traded as low as GBX 15 ($0.19). OptiBiotix Health shares last traded at GBX 15 ($0.19), with a volume of 17,286 shares.

OptiBiotix Health Stock Performance

The business has a 50 day moving average price of GBX 17.36 and a two-hundred day moving average price of GBX 17.37. The stock has a market cap of £14.69 million, a PE ratio of -4.75 and a beta of 1.71.

About OptiBiotix Health

OptiBiotix Health plc (AIM: OPTI), which was formed in March 2012, brings science to the development of compounds which modify the human microbiome – the collective genome of the microbes in the body – in order to prevent and manage human disease and promote wellness.

OptiBiotix has an extensive R&D programme working with leading academics in the development of microbial strains, compounds, and formulations which are used as active ingredients and supplements.