Eden Research (LON:EDEN) Share Price Passes Above 50-Day Moving Average – Should You Sell?

Eden Research plc (LON:EDEN) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 3.56 and traded as high as GBX 4. Eden Research shares last traded at GBX 3.80, with a volume of 752,188 shares changing hands.

Eden Research Trading Up 1.3%

The company has a fifty day moving average of GBX 3.56 and a two-hundred day moving average of GBX 2.97. The company has a current ratio of 3.80, a quick ratio of 2.42 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of £20.80 million, a price-to-earnings ratio of -8.80 and a beta of 0.92.

About Eden Research

Eden Research is the only UK-listed company focused on biopesticides for sustainable agriculture. It develops and supplies innovative biopesticide products and natural microencapsulation technologies to the global crop protection, animal health and consumer products industries.

Eden’s products are formulated with terpene active ingredients, based on natural plant defence metabolites. To date, they have been primarily used on high-value fruits and vegetables, improving crop yields and marketability, with equal or better performance when compared with conventional pesticides.