Futura Medical (LON:FUM) Shares Pass Above Fifty Day Moving Average – Here’s Why

Futura Medical plc (LON:FUM) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 1.20 and traded as high as GBX 1.38. Futura Medical shares last traded at GBX 1.32, with a volume of 2,298,108 shares traded.

Futura Medical Stock Performance

The company’s fifty day moving average price is GBX 1.20 and its 200 day moving average price is GBX 4.81. The firm has a market capitalization of £7.57 million, a price-to-earnings ratio of -0.63 and a beta of 1.25.

Insider Activity at Futura Medical

In other Futura Medical news, insider Harmesh Suniara sold 4,441,678 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of GBX 2, for a total transaction of £88,833.56. Company insiders own 25.86% of the company’s stock.

About Futura Medical

Futura Medical plc (AIM: FUM) is the developer of innovative sexual health products, including lead product Eroxon® and products WSD4000 and Eroxon® Intense. Our core strength lies in our research, development and commercialisation of topically delivered gel formulations in sexual health products.

Sexual health issues are prevalent in both men and women. ED impacts 1 in 5 men globally across all adult age brackets, with approximately half of all men over 40 experiencing ED and 25% of all new diagnoses being in men under 40.