Cambridge Cognition (LON:COG) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Shares of Cambridge Cognition Holdings Plc (LON:COG) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 29.60 and traded as low as GBX 28.45. Cambridge Cognition shares last traded at GBX 31.90, with a volume of 85,994 shares.

Analyst Ratings Changes

Separately, Panmure Gordon reaffirmed a “buy” rating and set a GBX 56 price target on shares of Cambridge Cognition in a report on Monday, January 19th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 56.

Cambridge Cognition Stock Performance

The company has a market cap of £14.85 million, a P/E ratio of -8.39 and a beta of 0.72. The stock has a 50 day moving average price of GBX 29.60 and a two-hundred day moving average price of GBX 31.47. The company has a quick ratio of 0.96, a current ratio of 0.65 and a debt-to-equity ratio of 92.53.

Cambridge Cognition Company Profile

Cambridge Cognition Holdings Plc, a neuroscience technology company, develops and markets near-patient cognitive testing techniques in the United States, United Kingdom, the European Union, and internationally. The company offers CANTAB digital cognitive assessment platform for drug development by enabling pharmaceutical companies to take new therapeutics from preclinical consultancy to pivotal studies and approval, as well as supports sponsors to enhance recruitment, develop safe and effective treatments, and enhance research and development efficiency.