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PureTech Health (LON:PRTC) Trading Up 14.2% - Should You Buy?

PureTech Health logo with Medical background

Key Points

  • PureTech Health shares surged 14.2%, closing at GBX 121.50 ($1.64) after reaching a peak of GBX 123.80 ($1.67), with trading volume increasing by 1,053% compared to the average.
  • Insider Bharatt Chowrira purchased 167,739 shares at an average cost of GBX 1 per share, indicating confidence from current management with insiders holding 13.13% of the stock.
  • The company focuses on developing medicines for various diseases and has a market cap of £293.65 million, highlighting its clinical-stage biopharma status.
  • Five stocks we like better than PureTech Health.

PureTech Health plc (LON:PRTC - Get Free Report)'s share price shot 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). 9,013,305 shares were traded during mid-day trading, an increase of 1,053% from the average session volume of 781,543 shares. The stock had previously closed at GBX 106.40 ($1.43).

PureTech Health Price Performance

The stock has a 50 day simple moving average of GBX 129.46 and a two-hundred day simple moving average of GBX 129.72. The company has a market cap of £300.17 million, a price-to-earnings ratio of 730.59 and a beta of 1.02. The company has a debt-to-equity ratio of 45.82, a current ratio of 3.68 and a quick ratio of 2.51.

Insider Buying and Selling

In related news, insider Bharatt Chowrira bought 167,739 shares of the firm's stock in a transaction dated Thursday, July 3rd. The stock was bought at an average price of GBX 1 per share, with a total value of £1,677.39. Insiders own 13.13% of the company's stock.

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.

See Also

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