Evotec (OTCMKTS:EVTCY) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Evotec SE (OTCMKTS:EVTCYGet Free Report)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.25 and traded as low as $4.00. Evotec shares last traded at $4.04, with a volume of 48,150 shares trading hands.

Evotec Stock Performance

The stock has a market capitalization of $1.36 billion, a PE ratio of 10.02 and a beta of 0.98. The company has a current ratio of 2.57, a quick ratio of 2.50 and a debt-to-equity ratio of 0.53. The firm’s 50-day simple moving average is $4.62 and its two-hundred day simple moving average is $4.24.

About Evotec

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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.

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