Eden Research (LON:EDEN) Shares Pass Above 50 Day Moving Average – Should You Sell?

Eden Research plc (LON:EDEN)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 3.35 and traded as high as GBX 4. Eden Research shares last traded at GBX 3.95, with a volume of 270,498 shares.

Eden Research Price Performance

The firm has a market cap of £21.07 million, a PE ratio of -8.91 and a beta of 0.92. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.80 and a quick ratio of 2.42. The business’s fifty day moving average is GBX 3.35 and its 200-day moving average is GBX 2.94.

About Eden Research

Eden Research is the only UK-listed company focused on biopesticides for sustainable agriculture. It develops and supplies innovative biopesticide products and natural microencapsulation technologies to the global crop protection, animal health and consumer products industries.

Eden’s products are formulated with terpene active ingredients, based on natural plant defence metabolites. To date, they have been primarily used on high-value fruits and vegetables, improving crop yields and marketability, with equal or better performance when compared with conventional pesticides.