MYCELX Technologies (LON:MYX) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

MYCELX Technologies Co. (LON:MYX) passed 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 trading hands.

Wall Street Analyst Weigh In

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

MYCELX Technologies Stock Performance

The company has a 50-day moving average price of GBX 37.23 and a two-hundred day moving average price of GBX 45.09. The company has a market capitalization of £8.77 million, a PE ratio of -327.27 and a beta of 1.00. The company has a quick ratio of 2.97, a current ratio of 2.93 and a debt-to-equity ratio of 23.15.

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.