Eden Research (LON:EDEN) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Eden Research plc (LON:EDEN)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3.10 and traded as low as GBX 2.01. Eden Research shares last traded at GBX 2.30, with a volume of 13,624 shares trading hands.

Eden Research Trading Down 2.7%

The stock has a market capitalization of £17.19 million, a P/E ratio of -4.83 and a beta of 1.57. The business has a 50 day simple moving average of GBX 2.61 and a 200-day simple moving average of GBX 3.08. The company has a debt-to-equity ratio of 5.41, a quick ratio of 2.42 and a current ratio of 1.95.

Eden Research (LON:EDEN) last announced its quarterly earnings data on Wednesday, August 26th. The company reported GBX (0.36) earnings per share (EPS) for the quarter. Eden Research had a negative return on equity of 16.16% and a negative net margin of 50.43%. On average, analysts predict that Eden Research plc will post -66.0000038 EPS for the current year.

About Eden Research

Eden Research is the only UK-listed company focused on biopesticides for sustainable agriculture. It develops and supplies innovative biopesticide products and natural microencapsulation technologies to the global crop protection, animal health and consumer products industries.

Eden’s products are formulated with terpene active ingredients, based on natural plant defence metabolites. To date, they have been primarily used on high-value fruits and vegetables, improving crop yields and marketability, with equal or better performance when compared with conventional pesticides.