HUTCHMED (LON:HCM) Stock Crosses Below 200-Day Moving Average – Here’s Why

HUTCHMED (China) Limited (LON:HCM) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 231.01 ($3.08) and traded as low as GBX 224 ($2.98). HUTCHMED shares last traded at GBX 224 ($2.98), with a volume of 12,790 shares trading hands.

HUTCHMED Stock Down 2.2%

The company has a 50 day moving average of GBX 233.77 and a 200-day moving average of GBX 231.01. The company has a debt-to-equity ratio of 11.97, a current ratio of 2.81 and a quick ratio of 2.97. The company has a market cap of £1.92 billion, a P/E ratio of 4.23 and a beta of 0.76.

About HUTCHMED

We are among the first global-focused novel drug discovery companies in China. Over the past two decades, we have established a fully integrated R&D platform with world-class discovery and development capabilities. Since inception, we have focused on bringing cancer drug candidates from in-house discovery to patients around the world, with our first three oncology medicines now approved marketed in China, the first of which is also marketed in the U.S.

We have also developed a profitable commercial platform with deep pan-China market access, which manufactures, markets and distributes our novel oncology products, as well as prescription drugs and consumer health products in China.

HUTCHMED is listed on the Nasdaq Global Select Market, the Stock Exchange of Hong Kong Limited and the London Stock Exchange’s AIM market (Nasdaq/AIM:HCM; HKEX:13).