PureTech Health (LON:PRTC) Stock Price Up 14.2% - What's Next?

Key Points

• PureTech Health's stock price surged 14.2%, closing at GBX 121.50 ($1.64) after trading as high as GBX 123.80 ($1.67) on a volume increase of 1,053% compared to its average daily trading volume.
• Corporate insider Bharatt Chowrira purchased 167,739 shares at an average cost of GBX 1 per share, signifying confidence in the company's prospects.
• The company, which focuses on developing medicines for various health issues, has a market capitalization of £293.65 million with a high price-to-earnings ratio of 714.71.

PureTech Health plc (LON:PRTC - Get Free Report) shares shot up 14.2% during mid-day 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 traded hands during 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 Stock Up 14.2%

The company has a debt-to-equity ratio of 45.82, a current ratio of 3.68 and a quick ratio of 2.51. The company has a market capitalization of £293.65 million, a P/E ratio of 714.71 and a beta of 1.02. The stock has a 50-day moving average price of GBX 129.46 and a 200-day moving average price of GBX 129.72.

Insider Buying and Selling

In other news, insider Bharatt Chowrira acquired 167,739 shares of PureTech Health stock in a transaction on Thursday, July 3rd. The stock was purchased at an average price of GBX 1 per share, with a total value of £1,677.39. Company insiders own 13.13% of the company's stock.

PureTech Health Company Profile

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.