OptiBiotix Health (LON:OPTI) Share Price Passes Below 50-Day Moving Average – Here’s Why

OptiBiotix Health Plc (LON:OPTI)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 16.63 ($0.20) and traded as low as GBX 16.25 ($0.20). OptiBiotix Health shares last traded at GBX 16.25 ($0.20), with a volume of 75,363 shares.

OptiBiotix Health Trading Down 1.8 %

The business’s 50-day moving average is GBX 16.63 and its two-hundred day moving average is GBX 18.24. The company has a current ratio of 6.18, a quick ratio of 7.89 and a debt-to-equity ratio of 4.51. The stock has a market capitalization of £16.00 million, a PE ratio of -544.43 and a beta of 1.71.

About OptiBiotix Health

OptiBiotix Health plc (AIM: OPTI), which was formed in March 2012, brings science to the development of compounds which modify the human microbiome – the collective genome of the microbes in the body – in order to prevent and manage human disease and promote wellness.

OptiBiotix has an extensive R&D programme working with leading academics in the development of microbial strains, compounds, and formulations which are used as active ingredients and supplements.