ANGLE (LON:AGL) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

ANGLE plc (LON:AGL) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 11.45 ($0.14) and traded as high as GBX 17.20 ($0.22). ANGLE shares last traded at GBX 15.70 ($0.20), with a volume of 1,544,097 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 40 ($0.50) price target on shares of ANGLE in a report on Wednesday, January 29th.

ANGLE Stock Up 3.8 %

The company has a market capitalization of £52.55 million, a price-to-earnings ratio of -232.77 and a beta of 0.22. The stock’s fifty day simple moving average is GBX 11.45 and its two-hundred day simple moving average is GBX 11.20. The company has a debt-to-equity ratio of 17.22, a current ratio of 5.19 and a quick ratio of 6.18.

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.