Mayne Pharma Group (ASX:MYX) Shares Cross Above 50 Day Moving Average of $0.51

Mayne Pharma Group Ltd (ASX:MYX)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $0.51 and traded as high as $0.47. Mayne Pharma Group shares last traded at $0.46, with a volume of 5,138,258 shares trading hands.

The stock has a 50 day moving average of A$0.51 and a 200-day moving average of A$0.62. The company has a market capitalization of $720.24 million and a P/E ratio of 14.68. The company has a current ratio of 1.99, a quick ratio of 1.52 and a debt-to-equity ratio of 30.42.

About Mayne Pharma Group (ASX:MYX)

Mayne Pharma Group Limited, a specialty pharmaceutical company, manufactures and sells branded and generic pharmaceutical products worldwide. It operates through four segments: Generic Products, Specialty Brands, Metrics Contract Services, and Mayne Pharma International. The company also offers oral drug delivery systems; and contract development and manufacturing services to third-party customers.

Further Reading: What is the Quick Ratio?

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