MYCELX Technologies (LON:MYX) Share Price Passes Below 200 Day Moving Average – Here’s Why

Shares of MYCELX Technologies Co. (LON:MYX) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 45.37 ($0.55) and traded as low as GBX 35.50 ($0.43). MYCELX Technologies shares last traded at GBX 36 ($0.44), with a volume of 80,500 shares.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 95 ($1.16) price objective on shares of MYCELX Technologies in a research report on Tuesday, September 24th.

MYCELX Technologies Trading Down 4.0 %

The stock’s fifty day simple moving average is GBX 37.33 and its 200-day simple moving average is GBX 45.37. The company has a debt-to-equity ratio of 23.15, a current ratio of 2.93 and a quick ratio of 2.97. The firm has a market cap of £8.77 million, a PE ratio of -327.27 and a beta of 1.00.

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.