Eden Research (LON:EDEN) Shares Cross Below 200 Day Moving Average – What’s Next?

Eden Research plc (LON:EDEN) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3.34 and traded as low as GBX 2.51. Eden Research shares last traded at GBX 2.56, with a volume of 531,353 shares changing hands.

Eden Research Price Performance

The company has a quick ratio of 2.42, a current ratio of 2.25 and a debt-to-equity ratio of 1.43. The business has a 50-day moving average price of GBX 2.98 and a two-hundred day moving average price of GBX 3.33. The company has a market capitalization of £20.08 million, a price-to-earnings ratio of -5.64 and a beta of 1.81.

Eden Research Company Profile

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.