Eden Research (LON:EDEN) Stock Crosses Below 200 Day Moving Average – Here’s Why

Eden Research plc (LON:EDEN) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3.02 and traded as low as GBX 2. Eden Research shares last traded at GBX 2.40, with a volume of 229,250 shares changing hands.

Eden Research Price Performance

The company’s fifty day moving average price is GBX 2.51 and its 200 day moving average price is GBX 3.02. The company has a market capitalization of £17.67 million, a P/E ratio of -4.96 and a beta of 1.61. The company has a quick ratio of 2.42, a current ratio of 1.95 and a debt-to-equity ratio of 5.41.

Eden Research (LON:EDEN) last issued its quarterly earnings results on Wednesday, August 26th. The company reported GBX (0.36) earnings per share (EPS) for the quarter. Eden Research had a negative net margin of 50.43% and a negative return on equity of 16.16%. As a group, sell-side analysts forecast that Eden Research plc will post -66.0000038 EPS for the current year.

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.