Futura Medical (LON:FUM) Sets New 12-Month Low – Here’s Why

Futura Medical plc (LON:FUM) reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 21.50 ($0.27) and last traded at GBX 33.30 ($0.42), with a volume of 10440612 shares trading hands. The stock had previously closed at GBX 33.68 ($0.43).

Futura Medical Trading Down 0.5 %

The company has a 50 day moving average price of GBX 34.79 and a 200 day moving average price of GBX 35.85. The company has a market capitalization of £99.31 million, a price-to-earnings ratio of -3,300.00 and a beta of 1.25.

Insider Activity

In other news, insider James Henry Barder sold 250,000 shares of Futura Medical stock in a transaction on Friday, September 13th. The stock was sold at an average price of GBX 41 ($0.52), for a total value of £102,500 ($130,109.16). Insiders own 32.14% of the company’s stock.

Futura Medical Company Profile

Futura Medical plc, a pharmaceutical company, develops pharmaceutical and healthcare products for the consumer healthcare markets focusing on sexual health and pain relief management. Its lead product is MED3000, a topical gel for the treatment of erectile dysfunction. The company also develops pain relief products, including TPR100, a topical diclofenac pain relief gel; CBD100, a topical cannabidiol formulation; and TIB200, a topical ibuprofen pain relief gel.