OptiBiotix Health (LON:OPTI) Stock Passes Below 50-Day Moving Average – Here’s Why

OptiBiotix Health Plc (LON:OPTI)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 16.91 ($0.22) and traded as low as GBX 14.15 ($0.18). OptiBiotix Health shares last traded at GBX 14.80 ($0.19), with a volume of 385,040 shares trading hands.

OptiBiotix Health Stock Up 2.5 %

The company has a market capitalization of £14.55 million, a PE ratio of -4.70 and a beta of 1.71. The business has a 50 day simple moving average of GBX 16.87 and a 200 day simple moving average of GBX 16.02.

About OptiBiotix Health

OptiBiotix Health plc (AIM: OPTI), which was formed in March 2012, brings science to the development of compounds which modify the human microbiome – the collective genome of the microbes in the body – in order to prevent and manage human disease and promote wellness.

OptiBiotix has an extensive R&D programme working with leading academics in the development of microbial strains, compounds, and formulations which are used as active ingredients and supplements.