Allergy Therapeutics (LON:AGY) Shares Down 11.3% – Here’s Why

Allergy Therapeutics plc (LON:AGYGet Free Report)’s share price fell 11.3% during mid-day trading on Wednesday . The stock traded as low as GBX 5.40 and last traded at GBX 5.50. Approximately 370,638 shares traded hands during mid-day trading, an increase of 39% from the average daily volume of 266,926 shares. The stock had previously closed at GBX 6.20.

Allergy Therapeutics Stock Performance

The company has a debt-to-equity ratio of 629.58, a quick ratio of 1.48 and a current ratio of 1.13. The business’s 50-day moving average is GBX 7.74 and its 200-day moving average is GBX 9.79. The company has a market capitalization of £379.95 million, a PE ratio of -6.19, a PEG ratio of -30.70 and a beta of 0.87.

About Allergy Therapeutics

(Get Free Report)

Allergy Therapeutics is an international commercial biotechnology company focussed on the treatment and diagnosis of allergic disorders, including aluminium free immunotherapy vaccines that have the potential to cure disease. The Group sells proprietary and third party products from its subsidiaries in nine major European countries and via distribution agreements in an additional ten countries. Its broad pipeline of products in clinical development include vaccines for grass, tree and house dust mite, and peanut allergy vaccine in pre-clinical development.

Further Reading

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