Synairgen (LON:SNG) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Synairgen plc (LON:SNGGet Free Report)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 5.06 ($0.07) and traded as low as GBX 3.55 ($0.05). Synairgen shares last traded at GBX 4.01 ($0.05), with a volume of 1,265,634 shares changing hands.

Synairgen Stock Performance

The company has a current ratio of 6.77, a quick ratio of 6.35 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of £8.07 million, a PE ratio of -133.50 and a beta of -2.23. The firm’s fifty day moving average price is GBX 3.81 and its 200 day moving average price is GBX 5.06.

Synairgen Company Profile

(Get Free Report)

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.

Further Reading

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