MYCELX Technologies (LON:MYX) Share Price Passes Below 200-Day Moving Average – What’s Next?

MYCELX Technologies Co. (LON:MYX)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 45.37 ($0.55) and traded as low as GBX 35.50 ($0.43). MYCELX Technologies shares last traded at GBX 36 ($0.44), with a volume of 80,500 shares.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 95 ($1.16) price target on shares of MYCELX Technologies in a research report on Tuesday, September 24th.

MYCELX Technologies Trading Down 4.0 %

The company’s 50 day simple moving average is GBX 37.33 and its two-hundred day simple moving average is GBX 45.37. The company has a quick ratio of 2.97, a current ratio of 2.93 and a debt-to-equity ratio of 23.15. The company has a market capitalization of £8.77 million, a price-to-earnings ratio of -327.27 and a beta of 1.00.

About MYCELX Technologies

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.