Evotec (ETR:EVT) Stock Price Down 6.9% – Here’s Why

Evotec SE (ETR:EVTGet Free Report) traded down 6.9% during mid-day trading on Wednesday . The company traded as low as €4.90 and last traded at €5.12. 3,220,614 shares traded hands during trading, an increase of 137% from the average session volume of 1,360,000 shares. The stock had previously closed at €5.50.

Evotec Price Performance

The business’s 50 day moving average price is €6.13 and its 200 day moving average price is €6.49. The stock has a market capitalization of $949.62 million, a P/E ratio of -5.54, a price-to-earnings-growth ratio of 0.98 and a beta of 1.05.

Evotec Company Profile

(Get Free Report)

Evotec SE operates as drug discovery and development partner for the pharmaceutical and biotechnology industry worldwide. The company is developing pharmaceutical products in various therapeutic areas, such as autoimmune diseases, cancer, CNS diseases, diabetes, fibrosis, immunology, infectious diseases, kidney diseases, liver diseases, pain and inflammation, rare diseases, respiratory diseases, tuberculosis, and women's health.

Further Reading

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