Free Trial

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

PureTech Health logo with Medical background

Key Points

  • PureTech Health's shares surged by 14.2% during Saturday trading, reaching a high of GBX 123.80 ($1.67), with an impressive trading volume increase of 1,053% from the average.
  • The company, focusing on developing medicines for neurological and immune system disorders, has a market capitalization of £293.65 million and a high PE ratio of 714.71.
  • Insider Bharatt Chowrira purchased 167,739 shares at £1 each, indicating confidence in the company's future performance.
  • MarketBeat previews top five stocks to own in October.

Shares of PureTech Health plc (LON:PRTC - Get Free Report) were up 14.2% during trading on Saturday . The stock traded as high as GBX 123.80 ($1.67) and last traded at GBX 121.50 ($1.64). Approximately 9,013,305 shares were traded 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 ($1.43).

PureTech Health Price Performance

The stock has a market capitalization of £293.65 million, a PE ratio of 714.71 and a beta of 1.02. The firm's 50 day simple moving average is GBX 129.46 and its 200 day simple moving average is GBX 129.83. The company has a debt-to-equity ratio of 45.82, a current ratio of 3.68 and a quick ratio of 2.51.

Insider Activity at PureTech Health

In other PureTech Health news, insider Bharatt Chowrira purchased 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. 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.

Featured Articles

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in PureTech Health Right Now?

Before you consider PureTech Health, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PureTech Health wasn't on the list.

While PureTech Health currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The Next 7 Blockbuster Stocks for Growth Investors Cover

Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.

Get This Free Report
Like this article? Share it with a colleague.