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PureTech Health (LON:PRTC) Share Price Crosses Below 50 Day Moving Average - What's Next?

PureTech Health logo with Medical background

Shares of PureTech Health plc (LON:PRTC - Get Free Report) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 129.90 ($1.73) and traded as low as GBX 122.60 ($1.63). PureTech Health shares last traded at GBX 123 ($1.63), with a volume of 1,071,889 shares changing hands.

PureTech Health Price Performance

The firm has a market cap of £389.89 million, a P/E ratio of -5.33 and a beta of 1.02. The business has a 50-day simple moving average of GBX 129.23 and a 200 day simple moving average of GBX 145.42. The company has a debt-to-equity ratio of 45.82, a quick ratio of 2.51 and a current ratio of 3.68.

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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