OptiBiotix Health (LON:OPTI) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Shares of OptiBiotix Health Plc (LON:OPTI) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 17.36 ($0.22) and traded as low as GBX 15 ($0.19). OptiBiotix Health shares last traded at GBX 15 ($0.19), with a volume of 17,286 shares changing hands.

OptiBiotix Health Price Performance

The firm’s 50 day moving average is GBX 17.36 and its 200 day moving average is GBX 17.37. The company has a market capitalization of £14.69 million, a PE ratio of -4.75 and a beta of 1.71.

About OptiBiotix Health

OptiBiotix Health plc (AIM: OPTI), which was formed in March 2012, brings science to the development of compounds which modify the human microbiome – the collective genome of the microbes in the body – in order to prevent and manage human disease and promote wellness.

OptiBiotix has an extensive R&D programme working with leading academics in the development of microbial strains, compounds, and formulations which are used as active ingredients and supplements.