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PureTech Health (LON:PRTC) Shares Pass Above 50-Day Moving Average - Here's Why

PureTech Health logo with Medical background

PureTech Health plc (LON:PRTC - Get Free Report)'s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 127.54 ($1.72) and traded as high as GBX 139.20 ($1.87). PureTech Health shares last traded at GBX 135 ($1.82), with a volume of 546,953 shares changing hands.

PureTech Health Stock Performance

The company has a market cap of £409.12 million, a P/E ratio of -5.59 and a beta of 1.02. The company's fifty day moving average is GBX 128.02 and its 200 day moving average is GBX 141.98. The company has a current ratio of 3.68, a quick ratio of 2.51 and a debt-to-equity ratio of 45.82.

PureTech Health Company Profile

(Get Free Report)

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.

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