Ergomed (LON:ERGO) Stock Passes Above 50 Day Moving Average of $1,303.64

Ergomed plc (LON:ERGOGet Rating) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 1,303.64 ($16.14) and traded as high as GBX 1,324 ($16.39). Ergomed shares last traded at GBX 1,314 ($16.27), with a volume of 25,663 shares.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Shore Capital reaffirmed a “hold” rating on shares of Ergomed in a report on Thursday, December 8th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,450 ($17.95) price target on shares of Ergomed in a report on Tuesday, September 27th.

Ergomed Price Performance

The company has a market capitalization of £660.96 million and a PE ratio of 4,866.67. The company has a current ratio of 1.26, a quick ratio of 1.22 and a debt-to-equity ratio of 3.45. The stock has a fifty day simple moving average of GBX 1,303.64 and a 200-day simple moving average of GBX 1,212.44.

Insiders Place Their Bets

In other news, insider Richard Barfield sold 125,000 shares of the business’s stock in a transaction dated Friday, December 2nd. The stock was sold at an average price of GBX 1,345 ($16.65), for a total value of £1,681,250 ($2,081,527.79).

Ergomed Company Profile

(Get Rating)

Ergomed plc, together with its subsidiaries, provides clinical trial planning, management, and monitoring; and drug safety and medical information services in the United Kingdom, rest of Europe, the Middle East, Africa, North America, Asia, and Australia. It operates through two segments, Clinical Research Services and Pharmacovigilance.

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