Diaceutics (LON:DXRX) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Diaceutics PLC (LON:DXRX) shares crossed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of GBX 187.36 and traded as low as GBX 178.50. Diaceutics shares last traded at GBX 184, with a volume of 151,555 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 215 price target on shares of Diaceutics in a report on Tuesday. Two research analysts have rated the stock with a Buy rating. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 215.

Diaceutics Stock Performance

The company has a current ratio of 2.55, a quick ratio of 9.92 and a debt-to-equity ratio of 5.40. The firm’s fifty day moving average is GBX 187.36 and its 200 day moving average is GBX 160.73. The company has a market cap of £160.17 million, a PE ratio of -589.06 and a beta of 0.88.

Diaceutics (LON:DXRX) last posted its quarterly earnings data on Tuesday, September 22nd. The company reported GBX (3.27) earnings per share (EPS) for the quarter. Diaceutics had a negative net margin of 0.66% and a negative return on equity of 0.68%. As a group, research analysts predict that Diaceutics PLC will post 1.01 EPS for the current fiscal year.

About Diaceutics

At Diaceutics we believe that every patient should get the opportunity to receive the right test and the right therapy to positively impact their disease outcome. We provide the world’s leading pharma and biotech companies with an end-to-end commercialisation solution for precision medicines through data analytics, scientific and advisory services enabled by our platform DXRX – The Diagnostics Network®.