PureTech Health (LON:PRTC) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

PureTech Health plc (LON:PRTC)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 140.13 ($1.81) and traded as high as GBX 142.20 ($1.83). PureTech Health shares last traded at GBX 138.80 ($1.79), with a volume of 544,139 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 455 ($5.87) price target on shares of PureTech Health in a report on Monday, December 16th.

PureTech Health Price Performance

The company has a debt-to-equity ratio of 45.82, a quick ratio of 2.51 and a current ratio of 3.68. The firm’s fifty day simple moving average is GBX 139.87 and its 200 day simple moving average is GBX 149.55. The firm has a market cap of £381.48 million, a P/E ratio of -5.21 and a beta of 1.02.

About PureTech Health

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.