Synairgen (LON:SNG) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Synairgen plc (LON:SNGGet Free Report)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 4.09 ($0.05) and traded as high as GBX 4.91 ($0.06). Synairgen shares last traded at GBX 4.58 ($0.06), with a volume of 473,712 shares changing hands.

Synairgen Trading Down 5.0 %

The company has a market capitalization of £8.76 million, a P/E ratio of -152.67 and a beta of -2.23. The business has a fifty day moving average price of GBX 4.09 and a 200 day moving average price of GBX 4.83. The company has a quick ratio of 6.35, a current ratio of 6.77 and a debt-to-equity ratio of 0.09.

Synairgen Company Profile

(Get Free Report)

Synairgen plc discovers and develops drugs for respiratory diseases. It develops SNG001, an inhaled interferon beta for the treatment of COVID-19; inhaled interferon beta (IFN-ß), which is in Phase-II clinical trials for the treatment of asthma caused by the common cold and flu; and IFN-ß that is in Phase-II clinical trials for the treatment or prevention of chronic obstructive pulmonary disease.

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