Mereo BioPharma Group plc (MPH.L) (LON:MPH) Stock Passes Above 50 Day Moving Average – Should You Sell?

Shares of Mereo BioPharma Group plc (MPH.L) (LON:MPHGet Free Report) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 26.50 ($0.35) and traded as high as GBX 26.50 ($0.35). Mereo BioPharma Group plc (MPH.L) shares last traded at GBX 26.50 ($0.35), with a volume of 49,264 shares trading hands.

Mereo BioPharma Group plc (MPH.L) Trading Down 1.9 %

The stock has a 50-day moving average price of GBX 26.50 and a two-hundred day moving average price of GBX 26.50. The stock has a market capitalization of £89.76 million and a PE ratio of -0.21. The company has a debt-to-equity ratio of 164.26, a quick ratio of 2.92 and a current ratio of 2.98.

Mereo BioPharma Group plc (MPH.L) Company Profile

(Get Free Report)

Mereo BioPharma Group plc, a biopharmaceutical company, acquires, develops, and commercializes therapeutics for the treatment of oncology and rare diseases. Its lead product candidate, etigilimab (OMP-313M32), an antibody T-cell immunoreceptor with Ig and ITIM domains, which is in Phase 1b clinical trial for the treatment of tumor.

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