Eden Research (LON:EDEN) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

Shares of Eden Research plc (LON:EDEN) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 3.66 and traded as low as GBX 2.70. Eden Research shares last traded at GBX 2.80, with a volume of 423,370 shares traded.

Eden Research Stock Up 6.7%

The company has a current ratio of 2.17, a quick ratio of 2.42 and a debt-to-equity ratio of 5.41. The firm has a market cap of £18.32 million, a price-to-earnings ratio of -6.74 and a beta of 0.92. The firm’s 50 day simple moving average is GBX 3.59 and its two-hundred day simple moving average is GBX 2.98.

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.