Abcam (LON:ABC) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Abcam plc (LON:ABCGet Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,226 ($15.59) and traded as high as GBX 1,259 ($16.01). Abcam shares last traded at GBX 1,226 ($15.59), with a volume of 6,372,291 shares changing hands.

Abcam Stock Performance

The firm’s fifty day moving average price is GBX 1,226 and its 200 day moving average price is GBX 1,226. The firm has a market cap of £2.81 billion and a P/E ratio of 20,433.33. The company has a debt-to-equity ratio of 31.60, a quick ratio of 0.89 and a current ratio of 1.27.

Abcam Company Profile

(Get Free Report)

Abcam plc, a life science company, focuses on identifying, developing, and distributing reagents and tools for scientific research, diagnostics, and drug discovery. Its principal products include primary and secondary antibodies; conjugated antibodies and conjugation kits; singleplex and multiplex immunoassays; proteins and peptides that include cytokines; edited cell lines and lysates; and various other products, including cellular activity kits, miRNA kits, biochemicals, and cell signaling pathway tools.

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