genedrive (LON:GDR) Shares Pass Below 50 Day Moving Average – Time to Sell?

genedrive plc (LON:GDR) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 2.12 ($0.03) and traded as low as GBX 1.85 ($0.02). genedrive shares last traded at GBX 1.92 ($0.02), with a volume of 5,804,520 shares changing hands.

genedrive Stock Performance

The company has a debt-to-equity ratio of 0.35, a current ratio of 4.60 and a quick ratio of 5.52. The stock’s 50-day moving average price is GBX 2.12 and its 200 day moving average price is GBX 2.20. The firm has a market cap of £10.90 million, a P/E ratio of -0.54 and a beta of -0.04.

Insider Activity at genedrive

In related news, insider Ian David Gilham acquired 225,000 shares of the company’s stock in a transaction on Friday, December 20th. The shares were acquired at an average cost of GBX 2 ($0.03) per share, for a total transaction of £4,500 ($5,820.72). 14.75% of the stock is owned by company insiders.

About genedrive

ggenedrive plc is a pharmacogenetic testing company developing and commercialising a low cost, rapid, versatile and simple to use point of need pharmacogenetic platform for the diagnosis of genetic variants. This helps clinicians to quickly access key genetic information that will aid them make the right choices over the right medicine or dosage to use for an effective treatment, particularly important in time-critical emergency care healthcare paradigms.