MYCELX Technologies (LON:MYX) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

MYCELX Technologies Co. (LON:MYX)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 51.35 ($0.65) and traded as low as GBX 36.90 ($0.47). MYCELX Technologies shares last traded at GBX 37.50 ($0.47), with a volume of 90,000 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 95 ($1.20) target price on shares of MYCELX Technologies in a report on Tuesday, September 24th.

MYCELX Technologies Price Performance

The firm has a market cap of £9.14 million, a P/E ratio of -340.91 and a beta of 1.00. The company has a debt-to-equity ratio of 23.15, a current ratio of 2.93 and a quick ratio of 2.97. The stock’s 50-day simple moving average is GBX 40.93 and its two-hundred day simple moving average is GBX 51.35.

Insider Buying and Selling

In other MYCELX Technologies news, insider André Schnabl purchased 48,836 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was purchased at an average cost of GBX 51 ($0.64) per share, with a total value of £24,906.36 ($31,387.98). 19.26% of the stock is owned by corporate insiders.

MYCELX Technologies Company Profile

MYCELX Technologies Corporation, a clean water technology company, provides water treatment solutions to the oil and gas, power, marine, and heavy manufacturing sectors in the Middle East, the United States, Nigeria, Australia and internationally. The company offers oil removal solutions for upstream produced water to oil companies; and hydrocarbons removal services from downstream process wastewater that are used in petrochemical facilities and refineries.