Science in Sport (LON:SIS) Shares Pass Above 50-Day Moving Average of $11.94

Science in Sport (LONSIS) is a leading provider of sports nutrition and supplements. The company's shares have been trading on the London Stock Exchange (LSE) since 2015.

On August 18, 2021, LONSIS announced that its shares had passed above the 50-day moving average of $11.94. This is a positive sign for investors as it indicates that the stock's price is trending upwards and may continue to do so in the near future.

The company has been performing well in recent years, with strong sales growth and increasing market share. In its most recent financial report for the year ended March 31, 2021, LONSIS reported revenue of £54.9 million ($71.8 million), up from £46.7 million ($61.5 million) in the previous year. The company's gross margin also improved to 52.3% from 48.9% in the prior period.

LONSIS has a strong presence in the sports nutrition market, with a wide range of products including protein powders, energy gels, and hydration drinks. The company has partnerships with several major sports teams and organizations, including the English Premier League, the International Association of Athletics Federations (IAAF), and the Professional Golfers' Association (PGA).

Overall, LONSIS's strong financial performance and growing market presence suggest that its shares may continue to perform well in the near future. However, it is important for investors to carefully consider their investment decisions and conduct thorough research before making any trades.