Microbix Biosystems (TSE:MBX) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

Microbix Biosystems Inc. (TSE:MBX)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$0.23 and traded as high as C$0.23. Microbix Biosystems shares last traded at C$0.23, with a volume of 52,500 shares.

Microbix Biosystems Trading Down 2.1%

The company has a quick ratio of 5.57, a current ratio of 7.51 and a debt-to-equity ratio of 30.47. The stock has a fifty day simple moving average of C$0.23 and a 200 day simple moving average of C$0.24. The firm has a market capitalization of C$32.62 million, a P/E ratio of -7.83 and a beta of 0.15.

Microbix Biosystems (TSE:MBX) last released its quarterly earnings data on Thursday, February 12th. The company reported C($0.01) earnings per share for the quarter. The business had revenue of C$4.22 million during the quarter. Microbix Biosystems had a negative return on equity of 14.88% and a negative net margin of 25.48%. As a group, research analysts forecast that Microbix Biosystems Inc. will post 0.02 EPS for the current year.

About Microbix Biosystems

Microbix develops proprietary biological technology solutions for human health and well-being, with about 90 skilled employees and sales growing from a base of over $1 million per month. It makes a wide range of critical biological materials for the global diagnostics industry, notably antigens for immunoassays and its laboratory quality assessment products that support clinical lab proficiency testing, assay development and validation, or clinical lab workflows.