Burcon NutraScience (TSE:BU) Stock Crosses Below 200-Day Moving Average – Here’s Why

Burcon NutraScience Co. (TSE:BU) (NYSE:BUR)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.03 and traded as low as C$1.80. Burcon NutraScience shares last traded at C$1.80, with a volume of 2,336 shares traded.

Burcon NutraScience Stock Performance

The stock has a market cap of C$23.61 million, a P/E ratio of -1.65 and a beta of 2.84. The firm’s 50-day moving average is C$1.96 and its two-hundred day moving average is C$2.03. The company has a quick ratio of 1.71, a current ratio of 0.19 and a debt-to-equity ratio of -421.12.

Burcon NutraScience (TSE:BU) (NYSE:BUR) last posted its earnings results on Wednesday, August 12th. The company reported C($0.30) EPS for the quarter. Burcon NutraScience had a positive return on equity of 1,249.92% and a negative net margin of 628.94%.The business had revenue of C$1.28 million during the quarter. As a group, research analysts expect that Burcon NutraScience Co. will post 0.000341 EPS for the current year.

Burcon NutraScience Company Profile

Burcon is a global technology leader in plant-based proteins for food and beverage applications. The Company has developed a portfolio of high-performance protein ingredients, including Peazzaz® pea proteins, FavaPro TM fava proteins and Puratein® canola proteins, and is focused on commercializing its technologies through manufacturing partnerships and growing customer adoption worldwide.