Precipio (NASDAQ:PRPO) Stock Passes Above 200 Day Moving Average – Here’s Why

Precipio, Inc. (NASDAQ:PRPO) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $6.09 and traded as high as $7.00. Precipio shares last traded at $6.61, with a volume of 4,876 shares changing hands.

Precipio Stock Performance

The business has a 50 day moving average price of $5.99 and a two-hundred day moving average price of $6.09. The company has a market cap of $9.79 million, a P/E ratio of -3.61 and a beta of 1.42. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.60 and a current ratio of 0.73.

Precipio (NASDAQ:PRPO) last released its quarterly earnings results on Wednesday, November 6th. The biotechnology company reported ($0.42) EPS for the quarter. The business had revenue of $5.21 million for the quarter. Precipio had a negative net margin of 17.23% and a negative return on equity of 34.01%.

About Precipio

Precipio, Inc, a healthcare solutions company, provides diagnostic products, reagents, and services in the United States. It provides diagnostic blood cancer testing services. The company offers IV-Cell, a proprietary cell culture media that enables simultaneous culturing of four hematopoietic cell lineages; and HemeScreen, a suite of robust genetic diagnostic panels.