ANGLE (LON:AGL) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Shares of ANGLE plc (LON:AGL) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 12.12 ($0.15) and traded as high as GBX 13.89 ($0.18). ANGLE shares last traded at GBX 13.01 ($0.16), with a volume of 646,425 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 40 ($0.50) price target on shares of ANGLE in a report on Wednesday, January 29th.

ANGLE Stock Down 4.4 %

The business has a 50-day simple moving average of GBX 12.12 and a two-hundred day simple moving average of GBX 11.17. The company has a market cap of £41.91 million, a price-to-earnings ratio of -1.92 and a beta of 0.22. The company has a quick ratio of 6.18, a current ratio of 5.19 and a debt-to-equity ratio of 17.22.

About ANGLE

ANGLE plc, a medical diagnostic company, engages in developing cancer diagnostics products in Europe, North America, and the United Kingdom. The company develops and commercializes Parsortix cell separation system, which captures and harvests circulating tumor cells in metastatic breast cancer patient blood; and HyCEAD.