Synairgen (LON:SNG) Stock Price Passes Below Two Hundred Day Moving Average of $12.73

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Synairgen plc (LON:SNG) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.73 and traded as low as $9.00. Synairgen shares last traded at $9.00, with a volume of 3,352 shares trading hands.

Separately, FinnCap restated a “corporate” rating on shares of Synairgen in a research note on Wednesday, July 24th.

The company has a market cap of $10.12 million and a price-to-earnings ratio of -2.64. The firm’s 50 day simple moving average is GBX 10.26 and its 200-day simple moving average is GBX 12.69.

About Synairgen (LON:SNG)

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

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