Evotec (OTCMKTS:EVTCY) Stock Breaks Above 50-Day Moving Average – Here’s What Happened
by Michael Walen · The Markets DailyEvotec SE (OTCMKTS:EVTCY – Get Free Report)’s stock price passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $1.62 and traded as high as $1.82. Evotec shares last traded at $1.7750, with a volume of 273,775 shares changing hands.
Evotec Stock Up 13.1%
The stock’s 50 day simple moving average is $1.62 and its 200 day simple moving average is $2.49. The stock has a market capitalization of $586.14 million, a P/E ratio of 4.33 and a beta of 0.98. The company has a current ratio of 2.57, a quick ratio of 2.50 and a debt-to-equity ratio of 0.53.
About Evotec
Evotec SE is a Germany-based biotechnology company that provides drug discovery and development services to pharmaceutical and biotechnology companies. The company combines scientific expertise, technology platforms and specialized laboratories to support the identification, optimization and development of potential medicines.
Its services cover a range of activities, including target discovery, screening, medicinal chemistry, translational research, preclinical development and selected clinical development programs.