Eden Research (LON:EDEN) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Eden Research plc (LON:EDEN)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 3.29 and traded as high as GBX 3.60. Eden Research shares last traded at GBX 3.60, with a volume of 119,131 shares changing hands.

Eden Research Trading Up 2.9%

The business has a 50-day moving average of GBX 3.29 and a 200-day moving average of GBX 3.09. The stock has a market capitalization of £22.08 million, a price-to-earnings ratio of -8.12 and a beta of 0.92. The company has a debt-to-equity ratio of 5.41, a quick ratio of 2.42 and a current ratio of 2.17.

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.