Precipio (NASDAQ:PRPO) Stock Passes Above 200 Day Moving Average – Here’s Why

Shares of Precipio, Inc. (NASDAQ:PRPO) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $6.09 and traded as high as $7.00. Precipio shares last traded at $6.61, with a volume of 4,876 shares.

Precipio Stock Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 0.73 and a quick ratio of 0.60. The company has a 50 day simple moving average of $5.99 and a 200-day simple moving average of $6.09. The stock has a market cap of $9.79 million, a P/E ratio of -3.61 and a beta of 1.42.

Precipio (NASDAQ:PRPO) last released its earnings results on Wednesday, November 6th. The biotechnology company reported ($0.42) earnings per share for the quarter. Precipio had a negative net margin of 17.23% and a negative return on equity of 34.01%. The company had revenue of $5.21 million during the quarter.

Precipio Company Profile

Precipio, Inc, a healthcare solutions company, provides diagnostic products, reagents, and services in the United States. It provides diagnostic blood cancer testing services. The company offers IV-Cell, a proprietary cell culture media that enables simultaneous culturing of four hematopoietic cell lineages; and HemeScreen, a suite of robust genetic diagnostic panels.