Eden Research (LON:EDEN) Shares Break Above 50-Day Moving Average – What’s Next?

Eden Research plc (LON:EDEN – Get Free Report)’s share price crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of GBX 2.27 and traded as high as GBX 2.70. Eden Research shares last traded at GBX 2.39, with a volume of 27,953 shares traded.

Eden Research Trading Down 2.5%

The company’s fifty day simple moving average is GBX 2.27 and its two-hundred day simple moving average is GBX 2.82. The company has a quick ratio of 2.42, a current ratio of 1.95 and a debt-to-equity ratio of 5.41. The company has a market capitalization of £19.18 million, a price-to-earnings ratio of -5.39 and a beta of 1.61.

Eden Research (LON:EDEN – Get Free Report) last released its quarterly earnings results on Wednesday, August 26th. The company reported GBX (0.36) earnings per share for the quarter. Eden Research had a negative net margin of 50.43% and a negative return on equity of 16.16%. Research analysts forecast that Eden Research plc will post -66.00 earnings per share for the current fiscal year.

Eden Research Company Profile

(Get Free Report)

Eden Research is the only UK-listed company focused on biopesticides for sustainable agriculture. It develops and supplies innovative biopesticide products and natural microencapsulation technologies to the global crop protection, animal health and consumer products industries.

Eden’s products are formulated with terpene active ingredients, based on natural plant defence metabolites. To date, they have been primarily used on high-value fruits and vegetables, improving crop yields and marketability, with equal or better performance when compared with conventional pesticides.

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