Avacta Group (LON:AVCT) Share Price Crosses Below 200-Day Moving Average - What's Next?

Avacta Group Plc (LON:AVCT - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 42.91 ($0.57) and traded as low as GBX 31 ($0.41). Avacta Group shares last traded at GBX 32.34 ($0.43), with a volume of 702,896 shares traded.

Avacta Group Price Performance

The stock has a market cap of £121.57 million, a price-to-earnings ratio of -4.12 and a beta of 1.12. The stock's 50 day moving average price is GBX 36.03 and its two-hundred day moving average price is GBX 42.91. The company has a quick ratio of 4.96, a current ratio of 1.29 and a debt-to-equity ratio of 52.53.

Avacta Group Company Profile

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.