Evofem Biosciences (NASDAQ:EVFM) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Evofem Biosciences, Inc. (NASDAQ:EVFMGet Free Report)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.01 and traded as low as $0.0078. Evofem Biosciences shares last traded at $0.0085, with a volume of 317,881 shares trading hands.

Evofem Biosciences Trading Down 9.6%

The firm’s fifty day moving average is $0.01 and its 200 day moving average is $0.01. The company has a market cap of $1.13 million, a PE ratio of -0.01 and a beta of -1.33.

Evofem Biosciences Company Profile

(Get Free Report)

Evofem Biosciences is a clinical?stage biotechnology company based in San Diego, California, specializing in women’s sexual and reproductive health. Founded in 2013 as a spin-out of the Scripps Research Institute, the company is focused on developing non-hormonal, on-demand products that address unmet needs in contraception and the prevention of sexually transmitted infections.

The company’s lead commercial product, Phexxi, is an FDA-approved, non-hormonal vaginal gel that maintains the vagina’s natural pH to reduce the risk of unintended pregnancy.

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