MYCELX Technologies (LON:MYX) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of MYCELX Technologies Co. (LON:MYX) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 46.21 ($0.57) and traded as low as GBX 36.50 ($0.45). MYCELX Technologies shares last traded at GBX 36.86 ($0.46), with a volume of 109 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 95 ($1.18) price objective on shares of MYCELX Technologies in a research report on Tuesday, September 24th.

MYCELX Technologies Stock Performance

The company has a debt-to-equity ratio of 23.15, a quick ratio of 2.97 and a current ratio of 2.93. The business’s fifty day moving average price is GBX 37.59 and its two-hundred day moving average price is GBX 46.04. The stock has a market capitalization of £8.89 million, a P/E ratio of -331.82 and a beta of 1.00.

MYCELX Technologies Company Profile

MYCELX Technologies Corporation, a clean water technology company, provides water treatment solutions to the oil and gas, power, marine, and heavy manufacturing sectors in the Middle East, the United States, Nigeria, Australia and internationally. The company offers oil removal solutions for upstream produced water to oil companies; and hydrocarbons removal services from downstream process wastewater that are used in petrochemical facilities and refineries.