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

Key Points

• PureTech Health's shares rose by 14.2% in trading, reaching a high of GBX 123.80 ($1.67) before closing at GBX 121.50 ($1.64), with trading volume significantly increasing to 9,013,305 shares.
• The company has a market capitalization of £293.65 million and operates with a high P/E ratio of 714.71, along with a debt-to-equity ratio of 45.82.
• Insider buying activity was reported, with Bharatt Chowrira purchasing 167,739 shares at an average price of GBX 1, totaling £1,677.39.

PureTech Health plc (LON:PRTC - Get Free Report)'s share price rose 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 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 Price Performance

The company has a fifty day simple moving average of GBX 129.31 and a two-hundred day simple moving average of GBX 129.65. The stock has a market capitalization of £303.07 million, a price-to-earnings ratio of 737.65 and a beta of 1.02. The company has a debt-to-equity ratio of 45.82, a quick ratio of 2.51 and a current ratio of 3.68.

Insider Transactions at PureTech Health

In other news, insider Bharatt Chowrira bought 167,739 shares of the firm's stock in a transaction on Thursday, July 3rd. The shares were purchased at an average cost of GBX 1 per share, with a total value of £1,677.39. 13.13% of the stock is owned by insiders.

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.