HUTCHMED (LON:HCM) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Shares of HUTCHMED (China) Limited (LON:HCM) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 230.25 and traded as low as GBX 199. HUTCHMED shares last traded at GBX 209, with a volume of 18,701 shares.

HUTCHMED Trading Down 2.0%

The company has a quick ratio of 2.97, a current ratio of 2.81 and a debt-to-equity ratio of 11.97. The company has a market capitalization of £1.75 billion, a P/E ratio of 3.85 and a beta of 0.76. The business has a fifty day moving average price of GBX 215.36 and a 200 day moving average price of GBX 230.10.

HUTCHMED Company Profile

We are among the first global-focused novel drug discovery companies in China. Over the past two decades, we have established a fully integrated R&D platform with world-class discovery and development capabilities. Since inception, we have focused on bringing cancer drug candidates from in-house discovery to patients around the world, with our first three oncology medicines now approved marketed in China, the first of which is also marketed in the U.S.

We have also developed a profitable commercial platform with deep pan-China market access, which manufactures, markets and distributes our novel oncology products, as well as prescription drugs and consumer health products in China.

HUTCHMED is listed on the Nasdaq Global Select Market, the Stock Exchange of Hong Kong Limited and the London Stock Exchange’s AIM market (Nasdaq/AIM:HCM; HKEX:13).