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PureTech Health (LON:PRTC) Stock Price Up 14.2% - Still a Buy?

PureTech Health logo with Medical background

Key Points

  • PureTech Health's shares rose 14.2% during mid-day trading, reaching a high of GBX 123.80 ($1.67) and significantly increasing trading volume to over 9 million shares, up 1,053% from average levels.
  • The company has a market capitalization of £293.65 million and noteworthy financial ratios, including a price-to-earnings ratio of 714.71.
  • Insider Bharatt Chowrira purchased 167,739 shares at an average price of GBX 1 per share, indicating confidence in the company, as insiders own 13.13% of the stock.
  • Five stocks to consider instead of PureTech Health.

PureTech Health plc (LON:PRTC - Get Free Report)'s share price was up 14.2% during trading on Saturday . The company traded as high as GBX 123.80 ($1.67) and last traded at GBX 121.50 ($1.64). Approximately 9,013,305 shares changed hands during mid-day trading, an increase of 1,053% from the average daily volume of 781,543 shares. The stock had previously closed at GBX 106.40 ($1.44).

PureTech Health Stock Up 4.2%

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 firm has a market capitalization of £303.07 million, a price-to-earnings ratio of 737.65 and a beta of 1.02. The firm has a 50 day moving average price of GBX 129.31 and a two-hundred day moving average price of GBX 129.65.

Insider Buying and Selling

In related news, insider Bharatt Chowrira acquired 167,739 shares of PureTech Health stock in a transaction on Thursday, July 3rd. The shares were bought at an average price of GBX 1 per share, for a total transaction of £1,677.39. 13.13% of the stock is owned by company insiders.

About PureTech Health

(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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