Sysmex (OTCMKTS:SSMXY) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Shares of Sysmex Co. (OTCMKTS:SSMXY) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $18.57 and traded as low as $17.84. Sysmex shares last traded at $17.89, with a volume of 76,551 shares trading hands.

Sysmex Price Performance

The company has a 50-day moving average price of $18.57 and a 200-day moving average price of $19.05. The firm has a market capitalization of $11.26 billion, a P/E ratio of 36.87 and a beta of 0.88. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.42 and a current ratio of 3.19.

Sysmex (OTCMKTS:SSMXY) last posted its earnings results on Wednesday, February 12th. The company reported $0.17 earnings per share for the quarter. On average, sell-side analysts predict that Sysmex Co. will post 0.57 earnings per share for the current year.

About Sysmex

Sysmex Corporation engages in the development, manufacture, and sale of diagnostic instruments, reagents, and related software in Japan. It offers three-part and five-part white blood cell differentiation instruments for use in hematology; and transport systems for high-volume testing in labs. The company also provides automated urine particle analyzers; automated blood coagulation analyzers; automated immunochemistry systems, which perform assays on minute sample quantities, as well as reagents to test for infectious disease and tumor markers; and flow cytometers to perform analysis in diagnosing leukemia, malignant lymphoma, and HIV/AIDS.