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Avacta Group (LON:AVCT) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Avacta Group logo with Medical background

Key Points

  • Avacta Group's stock price has risen above its 200-day moving average of GBX 37.66, trading as high as GBX 50 during recent sessions.
  • The company reported a negative net margin of 114.45% and a projected earnings per share (EPS) of -9.90 for the current fiscal year.
  • Avacta Group operates in the biotechnology sector, focusing on advancing cancer therapeutics through its proprietary pre|CISION® platform.
  • Need better tools to track Avacta Group? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Shares of Avacta Group Plc (LON:AVCT - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 37.66 ($0.51) and traded as high as GBX 50 ($0.67). Avacta Group shares last traded at GBX 48.56 ($0.65), with a volume of 606,776 shares traded.

Avacta Group Trading Up 2.2%

The firm has a market capitalization of £196.03 million, a PE ratio of -6.64 and a beta of 1.12. The business has a 50 day moving average price of GBX 39.85 and a 200-day moving average price of GBX 37.64. The company has a current ratio of 1.29, a quick ratio of 4.96 and a debt-to-equity ratio of 52.53.

Avacta Group (LON:AVCT - Get Free Report) last issued its earnings results on Friday, June 6th. The biotechnology company reported GBX (8.54) earnings per share (EPS) for the quarter. Avacta Group had a negative return on equity of 74.00% and a negative net margin of 114.45%. Analysts expect that Avacta Group Plc will post -9.9011833 earnings per share for the current year.

About Avacta Group

(Get Free Report)

Avacta Therapeutics is a clinical stage biopharmaceutical company challenging current drug delivery methods to expand the utility of highly potent cancer therapeutics. The Company benefits from a world class research and development facility, team of exceptionally talented scientists and a highly experienced management team with members located in both the London headquarters and the US. Our proprietary pre|CISION® platform masks toxic warheads by binding them to a short, engineered peptide that is cleavable only by the tumor-specific protease, fibroblast activation protein (FAP).

Further Reading

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