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

Microgen plc (LON:MCGN)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 367.50 ($4.62) and traded as low as GBX 365 ($4.59). Microgen shares last traded at GBX 367.50 ($4.62), with a volume of 26,257 shares traded.

Microgen Stock Performance

The company has a debt-to-equity ratio of 18.22, a quick ratio of 1.14 and a current ratio of 1.16. The stock’s fifty day simple moving average is GBX 367.50 and its two-hundred day simple moving average is GBX 367.50. The company has a market cap of £224.83 million and a price-to-earnings ratio of 17.09.

Microgen Company Profile

Microgen plc, together with its subsidiaries, develops, implements, and supports business critical software and related services in the United Kingdom and internationally. It operates through two segments, Aptitude Software and Microgen Financial Systems. The Aptitude Software segment provides a suite of specialized finance management software applications for banking, healthcare, insurance, and telecommunications customers.