Avacta Group (LON:AVCT) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Avacta Group Plc (LON:AVCTGet Free Report)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 54.36 ($0.69) and traded as low as GBX 40 ($0.51). Avacta Group shares last traded at GBX 40 ($0.51), with a volume of 827,085 shares traded.

Avacta Group Stock Performance

The company has a debt-to-equity ratio of 52.53, a quick ratio of 4.96 and a current ratio of 1.29. The stock has a fifty day simple moving average of GBX 48 and a two-hundred day simple moving average of GBX 54.16. The stock has a market capitalization of £151.96 million, a price-to-earnings ratio of -5.15 and a beta of 1.12.

About Avacta Group

(Get Free Report)

Avacta Therapeutics is a clinical stage biopharmaceutical company challenging current drug delivery methods to expand the utility of highly potent cancer therapeutics.
The Company benefits from a world class research and development facility, team of exceptionally talented scientists and a highly experienced management team with members located in both the London headquarters and the US.

Our proprietary pre|CISION® platform masks toxic warheads by binding them to a short, engineered peptide that is cleavable only by the tumor-specific protease, fibroblast activation protein (FAP).

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