PetVivo (NASDAQ:PETV) Shares Down 0.6% – What’s Next?

PetVivo Holdings, Inc. (NASDAQ:PETV)’s share price was down 0.6% during mid-day trading on Wednesday . The stock traded as low as $0.6010 and last traded at $0.6760. 1,767 shares changed hands during trading, a decline of 83% from the average session volume of 10,555 shares. The stock had previously closed at $0.68.

PetVivo Stock Performance

The company has a current ratio of 0.42, a quick ratio of 0.47 and a debt-to-equity ratio of 0.02. The business’s 50-day simple moving average is $0.72 and its two-hundred day simple moving average is $0.75. The company has a market capitalization of $25.65 million, a PE ratio of -1.50 and a beta of 1.36.

PetVivo Company Profile

PetVivo, Inc, headquartered in Ormond Beach, Florida, is a regenerative biomedical technology company specializing in veterinary applications. The company’s core focus is on developing and commercializing sustained-release intra-articular therapies for animals through its proprietary RediVet injectable micro-plug system. This biodegradable polymer platform is designed to provide controlled release of therapeutic agents directly into joints, targeting osteoarthritis and related inflammatory conditions in companion and performance animals.

PetVivo’s lead product, the RediVet-40 system, has been evaluated in proof-of-concept trials involving canine patients with osteoarthritis.