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

PureTech Health logo with Medical background

Key Points

  • PureTech Health's stock price fell below its 50-day moving average of GBX 133.56, trading as low as GBX 124.20 before closing at GBX 126.60.
  • The company has a market cap of £375.48 million and a PE ratio of -5.13, with significant insider ownership of 15.93%.
  • Insider Bharatt Chowrira purchased 167,739 shares at an average price of GBX 1 each, indicating confidence in the company's future.
  • MarketBeat previews the top five stocks to own by October 1st.

Shares of PureTech Health plc (LON:PRTC - Get Free Report) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 133.56 ($1.80) and traded as low as GBX 124.20 ($1.68). PureTech Health shares last traded at GBX 126.60 ($1.71), with a volume of 1,275,465 shares traded.

PureTech Health Stock Down 2.4%

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 stock has a 50-day simple moving average of GBX 133.44 and a 200-day simple moving average of GBX 132.67. The company has a market cap of £298.27 million, a price-to-earnings ratio of 588.57 and a beta of 1.02.

Insider Transactions at PureTech Health

In other PureTech Health news, insider Bharatt Chowrira purchased 167,739 shares of PureTech Health stock in a transaction on Thursday, July 3rd. The stock was bought at an average price of GBX 1 per share, for a total transaction of £1,677.39. Company 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.

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