Evotec (OTCMKTS:EVTCY) Shares Pass Below Fifty Day Moving Average – Should You Sell?

Evotec SE (OTCMKTS:EVTCYGet Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $4.58 and traded as low as $4.23. Evotec shares last traded at $4.30, with a volume of 40,310 shares.

Evotec Price Performance

The business has a fifty day moving average price of $4.58 and a 200 day moving average price of $4.20. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 10.49 and a beta of 0.98. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.50 and a current ratio of 2.57.

Evotec Company Profile

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Evotec SE engages in the discovery and development of new drugs for pharmaceutical and biotechnology companies. It operates through the following segments: EVT Execute and EVT Innovate. The EVT Execute segment provides stand-alone or integrated drug discovery solutions for collaborators targets and programmers on a typical fee-for-service basis or through a variety of commercial structures, which may include performance-based components, such as milestones and royalties.

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