Avacta Group (LON:AVCT) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Shares of Avacta Group Plc (LON:AVCT) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 61.73 and traded as low as GBX 57. Avacta Group shares last traded at GBX 58.75, with a volume of 1,158,430 shares trading hands.

Avacta Group Trading Down 0.9%

The company has a quick ratio of 4.96, a current ratio of 1.29 and a debt-to-equity ratio of 52.53. The firm has a 50 day moving average price of GBX 60.33 and a 200 day moving average price of GBX 61.80. The stock has a market capitalization of £253.83 million, a PE ratio of -3.30 and a beta of 1.12.

About Avacta Group

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).