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

Avacta Group logo with Medical background

Avacta Group Plc (LON:AVCT - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 43.97 ($0.58) and traded as low as GBX 32.50 ($0.43). Avacta Group shares last traded at GBX 32.75 ($0.43), with a volume of 1,419,363 shares.

Avacta Group Price Performance

The stock has a market capitalization of £132.97 million, a price-to-earnings ratio of -4.50 and a beta of 1.12. The company has a quick ratio of 4.96, a current ratio of 1.29 and a debt-to-equity ratio of 52.53. The stock has a fifty day moving average of GBX 36.47 and a 200-day moving average of GBX 43.55.

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).

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