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PureTech Health (LON:PRTC) Trading Down 15.2% - Here's What Happened

PureTech Health logo with Medical background

PureTech Health plc (LON:PRTC - Get Free Report)'s share price fell 15.2% during trading on Tuesday . The company traded as low as GBX 117.20 ($1.53) and last traded at GBX 117.20 ($1.53). 42,764,352 shares traded hands during trading, an increase of 2,645% from the average session volume of 1,557,904 shares. The stock had previously closed at GBX 138.20 ($1.81).

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a "buy" rating and set a GBX 455 ($5.95) price objective on shares of PureTech Health in a research report on Monday, December 16th.

View Our Latest Stock Analysis on PureTech Health

PureTech Health Stock Performance

The firm has a market capitalization of £354.45 million, a PE ratio of -4.84 and a beta of 1.02. The company has a current ratio of 3.68, a quick ratio of 2.51 and a debt-to-equity ratio of 45.82. The business's 50 day simple moving average is GBX 135.24 and its two-hundred day simple moving average is GBX 148.09.

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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