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PureTech Health (LON:PRTC) Shares Up 14.6% - Here's Why

PureTech Health logo with Medical background

PureTech Health plc (LON:PRTC - Get Free Report)'s share price shot up 14.6% on Saturday . The company traded as high as GBX 118 ($1.57) and last traded at GBX 118 ($1.57). 1,623,564 shares traded hands during trading, an increase of 54% from the average session volume of 1,056,594 shares. The stock had previously closed at GBX 103 ($1.37).

PureTech Health Price Performance

The company has a debt-to-equity ratio of 45.82, a current ratio of 3.68 and a quick ratio of 2.51. The stock's fifty day simple moving average is GBX 133.90 and its 200-day simple moving average is GBX 147.53. The company has a market capitalization of £370.67 million, a P/E ratio of -5.06 and a beta of 1.02.

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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