Evotec (ETR:EVT) Share Price Passes Below 200 Day Moving Average – Should You Sell?

Evotec SE (ETR:EVTGet Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of €7.59 ($8.16) and traded as low as €7.10 ($7.63). Evotec shares last traded at €7.12 ($7.65), with a volume of 2,952,098 shares trading hands.

Evotec Stock Performance

The company’s fifty day simple moving average is €8.35 and its two-hundred day simple moving average is €7.59. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of -7.70, a price-to-earnings-growth ratio of 0.98 and a beta of 1.05.

About Evotec

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Evotec SE operates as drug discovery and development partner for the pharmaceutical and biotechnology industry worldwide. The company is developing pharmaceutical products in various therapeutic areas, such as autoimmune diseases, cancer, CNS diseases, diabetes, fibrosis, immunology, infectious diseases, kidney diseases, liver diseases, pain and inflammation, rare diseases, respiratory diseases, tuberculosis, and women's health.

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