Eden Research (LON:EDEN) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Eden Research plc (LON:EDEN) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 3.39 and traded as low as GBX 2.60. Eden Research shares last traded at GBX 2.60, with a volume of 753,910 shares trading hands.

Eden Research Stock Down 1.5%

The stock’s 50-day moving average price is GBX 3.08 and its two-hundred day moving average price is GBX 3.38. The company has a current ratio of 2.25, a quick ratio of 2.42 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of £20.97 million, a P/E ratio of -5.89 and a beta of 1.81.

Eden Research Company Profile

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.