Devro (LON:DVO) Share Price Passes Above Two Hundred Day Moving Average of $252.62

Devro plc (LON:DVOGet Rating) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 252.62 ($3.08) and traded as high as GBX 328.50 ($4.00). Devro shares last traded at GBX 328 ($4.00), with a volume of 1,590,172 shares.

Analyst Upgrades and Downgrades

Separately, Shore Capital downgraded Devro to a “sell” rating in a research note on Monday, December 5th.

Devro Trading Up 0.2 %

The firm has a market capitalization of £549.24 million, a PE ratio of 1,929.41, a PEG ratio of 1.32 and a beta of 0.94. The company has a current ratio of 0.99, a quick ratio of 0.61 and a debt-to-equity ratio of 92.28. The business has a fifty day moving average price of GBX 316.01 and a two-hundred day moving average price of GBX 252.62.

About Devro

(Get Rating)

Devro plc, together with its subsidiaries, manufactures and supplies collagen casings primarily in the United Kingdom. It offers edible and non-edible collagen casings, films, and plastic casings for use in the production of a range of sausages and other meat products. The company sells its products to food manufacturers through distributors and agents.

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