Evotec (OTCMKTS:EVTCY) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Shares of Evotec SE (OTCMKTS:EVTCYGet Free Report) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $3.69 and traded as low as $3.59. Evotec shares last traded at $3.60, with a volume of 494,077 shares.

Evotec Stock Performance

The stock has a 50-day moving average price of $3.69 and a 200 day moving average price of $4.21. The firm has a market cap of $1.19 billion, a PE ratio of 8.78 and a beta of 0.98. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.57 and a quick ratio of 2.50.

About Evotec

(Get Free Report)

Evotec SE engages in the discovery and development of new drugs for pharmaceutical and biotechnology companies. It operates through the following segments: EVT Execute and EVT Innovate. The EVT Execute segment provides stand-alone or integrated drug discovery solutions for collaborators targets and programmers on a typical fee-for-service basis or through a variety of commercial structures, which may include performance-based components, such as milestones and royalties.

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