Cambridge Cognition (LON:COG) Shares Pass Above 50 Day Moving Average – Here’s Why

Cambridge Cognition Holdings Plc (LON:COG) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 36.24 and traded as high as GBX 39. Cambridge Cognition shares last traded at GBX 35.02, with a volume of 66,116 shares.

Cambridge Cognition Stock Down 5.4%

The company has a debt-to-equity ratio of 28.66, a current ratio of 0.40 and a quick ratio of 0.96. The company has a market capitalization of £16.29 million, a P/E ratio of -8.97 and a beta of 0.74. The stock has a 50-day moving average price of GBX 36.18 and a 200-day moving average price of GBX 34.93.

Cambridge Cognition (LON:COG) last announced its earnings results on Monday, April 13th. The company reported GBX (3.90) EPS for the quarter. Cambridge Cognition had a negative net margin of 17.82% and a negative return on equity of 62.89%. The business had revenue of GBX 940 million for the quarter. On average, research analysts predict that Cambridge Cognition Holdings Plc will post 1.0293539 EPS for the current fiscal year.

About Cambridge Cognition

Cambridge Cognition Holdings Plc, a neuroscience technology company, develops and markets near-patient cognitive testing techniques in the United States, United Kingdom, the European Union, and internationally. The company offers CANTAB digital cognitive assessment platform for drug development by enabling pharmaceutical companies to take new therapeutics from preclinical consultancy to pivotal studies and approval, as well as supports sponsors to enhance recruitment, develop safe and effective treatments, and enhance research and development efficiency.