Mesoblast (ASX:MSB) Share Price Passes Above Fifty Day Moving Average of $1.82

Mesoblast limited (ASX:MSB) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $1.82 and traded as high as $1.81. Mesoblast shares last traded at $1.80, with a volume of 1,205,679 shares.

The company has a current ratio of 1.41, a quick ratio of 1.21 and a debt-to-equity ratio of 16.90. The firm has a market capitalization of $891.23 million and a PE ratio of -9.89. The firm has a 50-day moving average of A$1.82 and a two-hundred day moving average of A$1.56.

About Mesoblast (ASX:MSB)

Mesoblast Limited, a biopharmaceutical company, develops and commercializes allogeneic cellular medicines. Its proprietary regenerative medicine technology platform is based on specialized cells known as mesenchymal lineage adult stem cells. The company's products under the Phase III clinical trials include MSC-100-IV for steroid refractory acute graft versus host disease; MPC-150-IM for advanced heart failure; and MPC-06-ID for chronic low back pain due to degenerative disc disease.

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