Microbix Biosystems (TSE:MBX) Shares Pass Below Fifty Day Moving Average of $0.42

Microbix Biosystems Inc. (TSE:MBX – Get Rating) shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.42 and traded as low as C$0.38. Microbix Biosystems shares last traded at C$0.39, with a volume of 6,000 shares trading hands.

Microbix Biosystems Price Performance

The stock’s 50-day moving average price is C$0.42 and its 200 day moving average price is C$0.48. The firm has a market cap of C$53.51 million and a price-to-earnings ratio of 19.25. The company has a quick ratio of 5.57, a current ratio of 7.84 and a debt-to-equity ratio of 23.60.

Microbix Biosystems (TSE:MBX – Get Rating) last posted its earnings results on Thursday, December 22nd. The company reported C($0.01) earnings per share for the quarter. The company had revenue of C$4.33 million for the quarter, compared to analyst estimates of C$5.10 million. Equities research analysts predict that Microbix Biosystems Inc. will post 0.0404762 earnings per share for the current year.

About Microbix Biosystems

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Microbix Biosystems Inc, a life science company, develops and commercializes proprietary biological and technological solutions for human health and wellbeing in North America, Europe, and internationally. It manufactures a range of critical biological materials for the diagnostics industry, notably test ingredients for immunoassays and quality assessment and proficiency testing controls (QAPs) that support sample collection devices.