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Avacta Group (LON:AVCT) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Avacta Group logo with Medical background

Avacta Group Plc (LON:AVCT - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 57.07 ($0.74) and traded as high as GBX 61 ($0.79). Avacta Group shares last traded at GBX 56 ($0.73), with a volume of 1,710,026 shares trading hands.

Avacta Group Stock Down 3.4 %

The stock has a market cap of £200.65 million, a P/E ratio of -622.22 and a beta of 1.12. The company's 50 day moving average price is GBX 63.46 and its two-hundred day moving average price is GBX 57.07. The company has a quick ratio of 4.96, a current ratio of 1.29 and a debt-to-equity ratio of 63.54.

Insider Activity

In other Avacta Group news, insider Tony Peter Gardiner sold 500,000 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of GBX 71 ($0.92), for a total transaction of £355,000 ($460,919.24). Company insiders own 32.90% of the company's stock.

About Avacta Group

(Get Free Report)

Avacta Group Plc develops cancer therapies and diagnostics in the United Kingdom, France, North America, South Korea, and rest of Asia and Europe. The company operates through Diagnostics and Therapeutics segments. It develops products based on its proprietary Affimer and pre|CISION technology platforms.

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