Alliance Pharma (LON:APH) Stock Price Passes Below 200-Day Moving Average of $38.67

Alliance Pharma plc (LON:APH) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 38.67 ($0.48) and traded as low as GBX 35.50 ($0.44). Alliance Pharma shares last traded at GBX 35.50 ($0.44), with a volume of 1,069,823 shares changing hands.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reduced their target price on shares of Alliance Pharma from GBX 65 ($0.80) to GBX 60 ($0.74) and set an “outperform” rating for the company in a report on Wednesday, January 31st.

Alliance Pharma Trading Up 1.4 %

The firm has a market capitalization of £194.54 million, a PE ratio of -3,550.00, a PEG ratio of 1.04 and a beta of 0.60. The company has a quick ratio of 1.42, a current ratio of 1.93 and a debt-to-equity ratio of 45.00. The stock’s fifty day simple moving average is GBX 39 and its 200 day simple moving average is GBX 38.67.

About Alliance Pharma

Alliance Pharma plc operates as a pharmaceutical company in Europe, the Middle East, Africa, the Asia Pacific, China, and the Americas. The company acquires, markets, and distributes consumer healthcare and prescription medicine products. The company also offers medicines, medical devices, food supplements, and cosmetics.