Evotec (OTCMKTS:EVTCY) Shares Pass Above 50 Day Moving Average - Here's What Happened


Evotec (OTCMKTS:EVTCY) Shares Pass Above 50 Day Moving Average   - Here's What Happened

Evotec SE (OTCMKTS:EVTCY - Get Free Report)'s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $4.42 and traded as high as $4.47. Evotec shares last traded at $4.42, with a volume of 44,607 shares trading hands.

The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.50 and a current ratio of 2.57. The business has a fifty day simple moving average of $4.42 and a 200-day simple moving average of $4.16. The stock has a market capitalization of $1.46 billion, a P/E ratio of 10.78 and a beta of 0.98.

Evotec SE engages in the discovery and development of new drugs for pharmaceutical and biotechnology companies. It operates through the following segments: EVT Execute and EVT Innovate. The EVT Execute segment provides stand-alone or integrated drug discovery solutions for collaborators targets and programmers on a typical fee-for-service basis or through a variety of commercial structures, which may include performance-based components, such as milestones and royalties.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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