Abcam (LON:ABC) Shares Pass Above 200-Day Moving Average – Time to Sell?

Shares of Abcam plc (LON:ABCGet Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,226 ($15.32) and traded as high as GBX 1,259 ($15.74). Abcam shares last traded at GBX 1,226 ($15.32), with a volume of 6,372,291 shares changing hands.

Abcam Trading Up 11.2 %

The firm’s 50 day simple moving average is GBX 1,226 and its 200-day simple moving average is GBX 1,226. The company has a market capitalization of £2.81 billion and a PE ratio of 20,433.33. The company has a quick ratio of 0.89, a current ratio of 1.27 and a debt-to-equity ratio of 31.60.

About Abcam

(Get Free Report)

Abcam plc, a life science company, focuses on identifying, developing, and distributing reagents and tools for scientific research, diagnostics, and drug discovery. Its principal products include primary and secondary antibodies; conjugated antibodies and conjugation kits; singleplex and multiplex immunoassays; proteins and peptides that include cytokines; edited cell lines and lysates; and various other products, including cellular activity kits, miRNA kits, biochemicals, and cell signaling pathway tools.

Further Reading

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