MYCELX Technologies (LON:MYX) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of MYCELX Technologies Co. (LON:MYX) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 45.37 ($0.55) and traded as low as GBX 35.50 ($0.43). MYCELX Technologies shares last traded at GBX 36 ($0.44), with a volume of 80,500 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 95 ($1.16) price objective on shares of MYCELX Technologies in a research note on Tuesday, September 24th.

MYCELX Technologies Price Performance

The firm has a market capitalization of £8.77 million, a P/E ratio of -327.27 and a beta of 1.00. The stock’s 50 day simple moving average is GBX 37.23 and its 200 day simple moving average is GBX 45.09. The company has a debt-to-equity ratio of 23.15, a quick ratio of 2.97 and a current ratio of 2.93.

About MYCELX Technologies

MYCELX Technologies Corporation, a clean water technology company, provides water treatment solutions to the oil and gas, power, marine, and heavy manufacturing sectors in the Middle East, the United States, Nigeria, Australia and internationally. The company offers oil removal solutions for upstream produced water to oil companies; and hydrocarbons removal services from downstream process wastewater that are used in petrochemical facilities and refineries.