ANGLE (LON:AGL) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

ANGLE plc (LON:AGL)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 11.26 ($0.14) and traded as low as GBX 10.50 ($0.13). ANGLE shares last traded at GBX 11.22 ($0.14), with a volume of 865,932 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 70 ($0.85) target price on shares of ANGLE in a research report on Thursday, September 26th.

ANGLE Stock Performance

The company has a market cap of £36.20 million, a PE ratio of -160.33 and a beta of 0.22. The company has a current ratio of 5.19, a quick ratio of 6.18 and a debt-to-equity ratio of 17.22. The firm’s 50-day simple moving average is GBX 10.44 and its two-hundred day simple moving average is GBX 11.24.

About ANGLE

ANGLE plc, a medical diagnostic company, engages in developing cancer diagnostics products in Europe, North America, and the United Kingdom. The company develops and commercializes Parsortix cell separation system, which captures and harvests circulating tumor cells in metastatic breast cancer patient blood; and HyCEAD.