Midatech Pharma (LON:MTPH) Share Price Crosses Above 50 Day Moving Average of $26.05

Shares of Midatech Pharma plc (LON:MTPH) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 26.05 ($0.34) and traded as high as GBX 27.19 ($0.36). Midatech Pharma shares last traded at GBX 26.25 ($0.34), with a volume of 110,600 shares trading hands.

The company has a debt-to-equity ratio of 5.00, a current ratio of 3.10 and a quick ratio of 3.02. The business has a 50-day simple moving average of GBX 26.05 and a 200-day simple moving average of GBX 28.39. The firm has a market capitalization of £26.00 million and a PE ratio of -0.51.

Midatech Pharma Company Profile (LON:MTPH)

Midatech Pharma plc focuses on the research and development of oncology and rare disease products in the United Kingdom, rest of Europe, and internationally. The company is developing MTX110, a direct delivery treatment for diffuse intrinsic pontine glioma, medulloblastomas, and glioblastoma multiforme; MTX114, an immuno-suppressant for topical application in psoriasis; and MTD211 and MTD219 for central nervous system and transplant anti-rejection indications.

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