Evotec (OTCMKTS:EVTCY) Stock Passes Above 50-Day Moving Average – What’s Next?

Evotec SE (OTCMKTS:EVTCY)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $3.21 and traded as high as $3.51. Evotec shares last traded at $3.50, with a volume of 46,298 shares trading hands.

Evotec Stock Performance

The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 8.81 and a beta of 0.98. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.57 and a quick ratio of 2.50. The firm has a fifty day simple moving average of $3.22 and a two-hundred day simple moving average of $3.58.

About Evotec

Evotec SE is a Germany-based biotechnology company specializing in drug discovery alliance and development partnerships. Headquartered in Hamburg, the company collaborates with pharmaceutical and biotechnology firms to deliver integrated solutions across the drug discovery and development continuum. Its offerings span from target identification and validation to lead optimization, preclinical development and manufacturing support.

The company’s platform combines expertise in assay development, high-throughput screening, medicinal chemistry, in vivo pharmacology and safety assessment.