Synairgen (LON:SNG) Share Price Crosses Below 200 Day Moving Average of $13.00

Shares of Synairgen plc (LON:SNG – Get Rating) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 13 ($0.16) and traded as low as GBX 8.25 ($0.10). Synairgen shares last traded at GBX 9 ($0.11), with a volume of 419,796 shares trading hands.

Synairgen Price Performance

The company has a quick ratio of 6.35, a current ratio of 7.19 and a debt-to-equity ratio of 0.09. The company has a market capitalization of £16.92 million, a P/E ratio of -93.33 and a beta of -2.27. The business has a 50 day simple moving average of GBX 9.77 and a 200-day simple moving average of GBX 12.87.

About Synairgen

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Synairgen plc discovers and develops drugs for respiratory diseases. It develops SNG001, an inhaled interferon beta for the treatment of COVID-19; inhaled interferon beta (IFN-ß), which is in Phase-II clinical trials for the treatment of asthma caused by the common cold and flu; IFN-ß that is in Phase-II clinical trials for the treatment or prevention of chronic obstructive pulmonary disease; and LOXL2 inhibitor for the treatment of idiopathic pulmonary fibrosis (IPF) disease.