Synairgen (LON:SNG) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Shares of Synairgen plc (LON:SNG) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 5.02 ($0.07) and traded as low as GBX 4.30 ($0.06). Synairgen shares last traded at GBX 4.62 ($0.06), with a volume of 63,603 shares changing hands.

Synairgen Trading Down 11.8 %

The company has a market capitalization of £8.88 million, a P/E ratio of -153.83 and a beta of -2.23. The company has a debt-to-equity ratio of 0.09, a current ratio of 6.77 and a quick ratio of 6.35. The firm has a fifty day moving average price of GBX 3.93 and a 200-day moving average price of GBX 5.02.

About Synairgen

Synairgen plc discovers and develops drugs for respiratory diseases. It develops SNG001, an inhaled interferon beta for the treatment of COVID-19; inhaled interferon beta (IFN-ß), which is in Phase-II clinical trials for the treatment of asthma caused by the common cold and flu; and IFN-ß that is in Phase-II clinical trials for the treatment or prevention of chronic obstructive pulmonary disease.