Telesis Bio (OTCMKTS:TBIO) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Telesis Bio, Inc. (OTCMKTS:TBIO – Get Free Report)’s share price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $0.03 and traded as low as $0.01. Telesis Bio shares last traded at $0.01, with a volume of 100 shares changing hands.

Telesis Bio Stock Performance

The company has a market cap of $18,000.00, a P/E ratio of -0.00 and a beta of 2.58. The stock has a 50-day moving average of $0.01 and a two-hundred day moving average of $0.03.

Telesis Bio Company Profile

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Telesis Bio, Inc develops automated synthetic biology systems designed to help researchers create and test biological molecules more efficiently. Its technology is intended to streamline the design-build-test process by automating tasks that traditionally require multiple manual laboratory steps.

The company’s primary products include the BioXp automated benchtop platforms and related consumables, software, and application-specific kits. These systems support the on-demand synthesis and assembly of DNA, messenger RNA and other biological constructs for applications such as gene and cell therapy research, vaccine development, protein engineering, diagnostics and synthetic biology.

Telesis Bio was formerly known as Codex DNA and changed its corporate name in 2023.

Further Reading

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