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Avacta Group (LON:AVCT) Stock Crosses Below 200-Day Moving Average - Here's Why

Avacta Group logo with Medical background

Avacta Group Plc (LON:AVCT - Get Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 40.26 ($0.55) and traded as low as GBX 31.31 ($0.42). Avacta Group shares last traded at GBX 32.44 ($0.44), with a volume of 2,904,912 shares changing hands.

Avacta Group Price Performance

The company has a market cap of £117.32 million, a P/E ratio of -3.97 and a beta of 1.12. The company has a fifty day moving average price of GBX 33.45 and a two-hundred day moving average price of GBX 40.26. The company has a debt-to-equity ratio of 52.53, a quick ratio of 4.96 and a current ratio of 1.29.

Avacta Group (LON:AVCT - Get Free Report) last announced its quarterly earnings data on Friday, June 6th. The biotechnology company reported GBX (8.54) (($0.12)) earnings per share for the quarter. Avacta Group had a negative net margin of 114.45% and a negative return on equity of 74.00%. On average, sell-side analysts anticipate that Avacta Group Plc will post -9.9011833 earnings per share for the current fiscal year.

Avacta Group Company Profile

(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

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.

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