Evotec (OTCMKTS:EVTCY) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Evotec SE (OTCMKTS:EVTCYGet Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.95 and traded as low as $1.9501. Evotec shares last traded at $1.96, with a volume of 50,289 shares changing hands.

Evotec Price Performance

The company’s 50 day simple moving average is $2.63 and its 200 day simple moving average is $2.95. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.57 and a quick ratio of 2.50. The stock has a market cap of $647.23 million, a P/E ratio of 4.78 and a beta of 0.98.

About Evotec

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Evotec SE is a Germany-based biotechnology company specializing in drug discovery alliance and development partnerships. Headquartered in Hamburg, the company collaborates with pharmaceutical and biotechnology firms to deliver integrated solutions across the drug discovery and development continuum. Its offerings span from target identification and validation to lead optimization, preclinical development and manufacturing support.

The company’s platform combines expertise in assay development, high-throughput screening, medicinal chemistry, in vivo pharmacology and safety assessment.

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