Midatech Pharma (LON:MTPH) Shares Cross Below 50 Day Moving Average of $10.66

Midatech Pharma plc (LON:MTPHGet Rating) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 10.66 ($0.13) and traded as low as GBX 8.49 ($0.10). Midatech Pharma shares last traded at GBX 9 ($0.11), with a volume of 352,596 shares.

Midatech Pharma Stock Up 9.1 %

The stock has a 50 day moving average price of GBX 10.66 and a 200 day moving average price of GBX 10.99. The company has a market capitalization of £8.86 million and a P/E ratio of -1.32. The company has a debt-to-equity ratio of 9.52, a quick ratio of 5.28 and a current ratio of 5.28.

Midatech Pharma Company Profile

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Midatech Pharma plc, a drug delivery technology company, focuses on the research and development of medicines in the United Kingdom, rest of Europe, and internationally. The company is developing MTX110, a direct delivery treatment for diffuse intrinsic pontine glioma, medulloblastomas, and glioblastoma multiforme; MTX114, an immuno-suppressant for topical application in psoriasis; MTD211, a long-acting formulation of brexpiprazole for the treatment of schizophrenia and adjunctive treatment of major depressive disorder; and MTD219, a long-acting formulation of tacrolimus used to lower the risk of organ transplant rejection.

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