PureTech Health (LON:PRTC) Shares Cross Below 50 Day Moving Average – Here’s Why

PureTech Health plc (LON:PRTC)’s stock price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 140.42 ($1.81) and traded as low as GBX 128.20 ($1.66). PureTech Health shares last traded at GBX 131 ($1.69), with a volume of 186,057 shares trading hands.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 455 ($5.88) price target on shares of PureTech Health in a report on Monday, December 16th.

PureTech Health Trading Up 1.4 %

The firm’s fifty day moving average price is GBX 140.42 and its 200-day moving average price is GBX 150.31. The company has a debt-to-equity ratio of 45.82, a current ratio of 3.68 and a quick ratio of 2.51. The company has a market cap of £393.50 million, a price-to-earnings ratio of -5.37 and a beta of 1.02.

PureTech Health Company Profile

PureTech Health plc, a clinical-stage biopharma company, focuses on developing medicines for diseases caused by dysfunctions in the nervous, gastrointestinal, and immune systems. The company is developing a microbiome immune system drug-discovery platform and drug candidates for immune-mediated diseases; and products to induce weight loss and enhance glycaemic control through an orally administered capsule.