Evotec (OTCMKTS:EVTCY) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Evotec SE (OTCMKTS:EVTCY) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $3.98 and traded as low as $3.56. Evotec shares last traded at $3.57, with a volume of 33,224 shares traded.

Evotec Trading Down 1.9%

The company’s 50-day moving average is $3.98 and its 200 day moving average is $3.93. The firm has a market cap of $1.18 billion, a PE ratio of 8.71 and a beta of 0.98. The company has a current ratio of 2.57, a quick ratio of 2.50 and a debt-to-equity ratio of 0.53.

Evotec Company Profile

Evotec SE engages in the discovery and development of new drugs for pharmaceutical and biotechnology companies. It operates through the following segments: EVT Execute and EVT Innovate. The EVT Execute segment provides stand-alone or integrated drug discovery solutions for collaborators targets and programmers on a typical fee-for-service basis or through a variety of commercial structures, which may include performance-based components, such as milestones and royalties.