PureTech Health (LON:PRTC) Shares Up 10.9% - Time to Buy?

Key Points

• PureTech Health's share price rose 10.9% during mid-day trading, reaching GBX 118 ($1.60), significantly up from the previous close of GBX 106.40 ($1.44).
• The company has a market cap of £287.60 million and has shown a notable increase in trading volume, with approximately 1,631,935 shares changing hands, a 120% increase over the average daily volume.
• Insider Bharatt Chowrira purchased 167,739 shares at GBX 1 per share, indicating confidence in the company's future by the insiders, who collectively own 13.13% of the stock.

PureTech Health plc (LON:PRTC - Get Free Report)'s share price shot up 10.9% during trading on Friday . The stock traded as high as GBX 118 ($1.59) and last traded at GBX 118 ($1.59). 1,631,935 shares changed hands during trading, an increase of 120% from the average session volume of 740,986 shares. The stock had previously closed at GBX 106.40 ($1.44).

PureTech Health Stock Performance

The stock has a market cap of £303.07 million, a PE ratio of 737.65 and a beta of 1.02. The company has a quick ratio of 2.51, a current ratio of 3.68 and a debt-to-equity ratio of 45.82. The firm has a 50 day moving average price of GBX 129.31 and a 200 day moving average price of GBX 129.65.

Insider Activity at PureTech Health

In other news, insider Bharatt Chowrira purchased 167,739 shares of the business's stock in a transaction dated Thursday, July 3rd. The shares were purchased at an average price of GBX 1 per share, for a total transaction of £1,677.39. Corporate 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.