Evotec (OTCMKTS:EVTCY) Stock Breaks Above Fifty Day Moving Average – Time to Sell?

Shares of Evotec SE (OTCMKTS:EVTCY) crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $1.62 and traded as high as $1.82. Evotec shares last traded at $1.7750, with a volume of 273,775 shares traded.

Evotec Price Performance

The company has a market capitalization of $586.14 million, a P/E ratio of 4.33 and a beta of 0.98. The company has a quick ratio of 2.50, a current ratio of 2.57 and a debt-to-equity ratio of 0.53. The business’s 50-day moving average price is $1.62 and its 200 day moving average price is $2.49.

About Evotec

Evotec SE is a Germany-based biotechnology company that provides drug discovery and development services to pharmaceutical and biotechnology companies. The company combines scientific expertise, technology platforms and specialized laboratories to support the identification, optimization and development of potential medicines.

Its services cover a range of activities, including target discovery, screening, medicinal chemistry, translational research, preclinical development and selected clinical development programs.