Futura Medical (LON:FUM) Stock Price Down 12.7% – Here’s Why

Futura Medical plc (LON:FUM) shares fell 12.7% on Wednesday . The stock traded as low as GBX 9.75 ($0.13) and last traded at GBX 10 ($0.13). 1,345,431 shares were traded during mid-day trading, an increase of 81% from the average session volume of 744,808 shares. The stock had previously closed at GBX 11.45 ($0.15).

Futura Medical Price Performance

The company’s 50-day simple moving average is GBX 18.38 and its two-hundred day simple moving average is GBX 28.85. The firm has a market capitalization of £31.48 million, a P/E ratio of -8.33 and a beta of 1.25.

Futura Medical Company Profile

Futura Medical plc, a pharmaceutical company, develops pharmaceutical and healthcare products for the consumer healthcare markets focusing on sexual health and pain relief management. Its lead product is MED3000, a topical gel for the treatment of erectile dysfunction. The company also develops pain relief products, including TPR100, a topical diclofenac pain relief gel; CBD100, a topical cannabidiol formulation; and TIB200, a topical ibuprofen pain relief gel.