MYCELX Technologies (LON:MYX) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

MYCELX Technologies Co. (LON:MYX)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 51.35 ($0.65) and traded as low as GBX 36.90 ($0.47). MYCELX Technologies shares last traded at GBX 37.50 ($0.47), with a volume of 90,000 shares trading hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 95 ($1.20) price objective on shares of MYCELX Technologies in a research report on Tuesday, September 24th.

MYCELX Technologies Stock Performance

The firm has a market capitalization of £9.14 million, a PE ratio of -340.91 and a beta of 1.00. The business has a 50-day simple moving average of GBX 40.93 and a 200-day simple moving average of GBX 51.31. The company has a debt-to-equity ratio of 23.15, a current ratio of 2.93 and a quick ratio of 2.97.

Insider Activity at MYCELX Technologies

In other news, insider André Schnabl purchased 48,836 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were bought at an average cost of GBX 51 ($0.64) per share, for a total transaction of £24,906.36 ($31,387.98). 19.26% of the stock is currently owned by insiders.

MYCELX Technologies Company Profile

MYCELX Technologies Corporation, a clean water technology company, provides water treatment solutions to the oil and gas, power, marine, and heavy manufacturing sectors in the Middle East, the United States, Nigeria, Australia and internationally. The company offers oil removal solutions for upstream produced water to oil companies; and hydrocarbons removal services from downstream process wastewater that are used in petrochemical facilities and refineries.