Indivior (LON:INDV) Shares Pass Below 200-Day Moving Average – Should You Sell?

Indivior PLC (LON:INDV)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 840.40 ($10.57) and traded as low as GBX 659.50 ($8.29). Indivior shares last traded at GBX 699.50 ($8.80), with a volume of 893,588 shares traded.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,800 ($22.64) price target on shares of Indivior in a research note on Tuesday, December 17th.

Indivior Price Performance

The company has a market cap of £1.09 billion, a price-to-earnings ratio of -579.99, a PEG ratio of -5.57 and a beta of 0.19. The company has a current ratio of 0.83, a quick ratio of 1.52 and a debt-to-equity ratio of -170.06. The company’s 50 day moving average price is GBX 893.37 and its 200 day moving average price is GBX 837.03.

Indivior Company Profile

Indivior PLC, together with its subsidiaries, engages in the development, manufacture, and sale of buprenorphine-based prescription drugs for the treatment of opioid dependence and co-occurring disorders in the United States, the United Kingdom, and internationally. The company develops medicines to treat substance use disorders, serious mental illnesses, and opioid overdose.