Avacta Group (LON:AVCT) Stock Passes Below 200 Day Moving Average - Here's Why

Avacta Group Plc (LON:AVCT - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 58.93 ($0.72) and traded as low as GBX 51 ($0.62). Avacta Group shares last traded at GBX 52 ($0.64), with a volume of 1,090,990 shares changing hands.

Avacta Group Stock Down 2.2 %

The firm has a 50-day simple moving average of GBX 48.57 and a 200 day simple moving average of GBX 58.93. The company has a market capitalization of £182.27 million, a PE ratio of -565.22 and a beta of 1.12. The company has a debt-to-equity ratio of 63.54, a current ratio of 1.29 and a quick ratio of 4.96.

Avacta Group Company Profile

Avacta Therapeutics is a clinical stage biopharmaceutical company challenging current drug delivery methods to expand the utility of highly potent cancer therapeutics. The Company benefits from a world class research and development facility, team of exceptionally talented scientists and a highly experienced management team with members located in both the London headquarters and the US. Our proprietary pre|CISION® platform masks toxic warheads by binding them to a short, engineered peptide that is cleavable only by the tumor-specific protease, fibroblast activation protein (FAP).