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PureTech Health (LON:PRTC) Stock Price Down 15.2% - Here's Why

PureTech Health logo with Medical background

PureTech Health plc (LON:PRTC - Get Free Report)'s share price traded down 15.2% on Tuesday . The stock traded as low as GBX 117.20 ($1.53) and last traded at GBX 117.20 ($1.53). 42,764,352 shares traded hands during trading, an increase of 2,645% from the average session volume of 1,557,904 shares. The stock had previously closed at GBX 138.20 ($1.81).

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reiterated a "buy" rating and issued a GBX 455 ($5.96) target price on shares of PureTech Health in a research note on Monday, December 16th.

Get Our Latest Stock Report on PRTC

PureTech Health Price Performance

The business has a fifty day moving average of GBX 135.24 and a two-hundred day moving average of GBX 148.08. The firm has a market capitalization of £354.45 million, a price-to-earnings ratio of -4.84 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.

PureTech Health Company Profile

(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.

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