FRANKFURT (dpa-AFX Broker) - Evotec shares slipped significantly on Tuesday after reporting its business figures. A trader commented that the first quarter had been worse than expected. The drug discovery company's shares lost more than 7 percent on Tradegate to below 7 euros compared to the Xetra closing price.

The share price recovery had recently stalled around the €7.70 mark since the low point at the beginning of April. With the current decline, the shares on Xetra are now likely to break through the 200-day line for the longer-term trend.

The 50-day line for the medium-term trend could also be at risk. The shares are well supported at around 5 euros. /ajx/zb

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