Microgen (LON:MCGN) Shares Pass Below 200-Day Moving Average – What’s Next?

Microgen plc (LON:MCGN) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 367.50 ($4.66) and traded as low as GBX 365 ($4.63). Microgen shares last traded at GBX 367.50 ($4.66), with a volume of 26,257 shares trading hands.

Microgen Price Performance

The firm has a market cap of £224.83 million and a P/E ratio of 17.09. The company has a debt-to-equity ratio of 18.22, a current ratio of 1.16 and a quick ratio of 1.14. The firm’s 50 day moving average is GBX 367.50 and its 200 day moving average is GBX 367.50.

Microgen Company Profile

Microgen plc, together with its subsidiaries, develops, implements, and supports business critical software and related services in the United Kingdom and internationally. It operates through two segments, Aptitude Software and Microgen Financial Systems. The Aptitude Software segment provides a suite of specialized finance management software applications for banking, healthcare, insurance, and telecommunications customers.