Eden Research (LON:EDEN) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of Eden Research plc (LON:EDEN) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 3.27 and traded as high as GBX 3.40. Eden Research shares last traded at GBX 3.37, with a volume of 551,129 shares.

Eden Research Price Performance

The company has a debt-to-equity ratio of 5.41, a quick ratio of 2.42 and a current ratio of 2.17. The stock has a market cap of £27.03 million, a price-to-earnings ratio of -7.59 and a beta of 1.76. The business’s fifty day simple moving average is GBX 3.27 and its 200 day simple moving average is GBX 3.17.

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.