ANGLE (LON:AGL) Shares Pass Above 50-Day Moving Average – Time to Sell?

ANGLE plc (LON:AGL) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 9.06 ($0.11) and traded as high as GBX 13.33 ($0.17). ANGLE shares last traded at GBX 12.50 ($0.16), with a volume of 4,330,772 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and set a GBX 70 ($0.89) price target on shares of ANGLE in a research report on Thursday, September 26th.

ANGLE Price Performance

The business has a 50-day simple moving average of GBX 9.06 and a two-hundred day simple moving average of GBX 13.28. The company has a quick ratio of 6.18, a current ratio of 5.19 and a debt-to-equity ratio of 17.22. The stock has a market capitalization of £37.25 million, a price-to-earnings ratio of -178.57 and a beta of 0.22.

ANGLE Company Profile

ANGLE plc, a medical diagnostic company, engages in developing cancer diagnostics products in Europe, North America, and the United Kingdom. The company develops and commercializes Parsortix cell separation system, which captures and harvests circulating tumor cells in metastatic breast cancer patient blood; and HyCEAD.