Petros Pharmaceuticals (NASDAQ:PTPI) Trading 30.4% Higher – Here’s Why

Petros Pharmaceuticals, Inc. (NASDAQ:PTPIGet Free Report)’s stock price rose 30.4% during trading on Monday . The company traded as high as $0.44 and last traded at $0.42. Approximately 1,777,419 shares changed hands during trading, an increase of 222% from the average daily volume of 551,506 shares. The stock had previously closed at $0.32.

Petros Pharmaceuticals Trading Down 8.0 %

The firm has a 50-day moving average price of $0.35 and a 200 day moving average price of $0.47. The company has a market cap of $2.34 million, a price-to-earnings ratio of -0.05 and a beta of 2.12. The company has a current ratio of 1.40, a quick ratio of 1.26 and a debt-to-equity ratio of 0.71.

Petros Pharmaceuticals (NASDAQ:PTPIGet Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.37) EPS for the quarter. The firm had revenue of $1.42 million for the quarter.

Petros Pharmaceuticals Company Profile

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Petros Pharmaceuticals, Inc, a pharmaceutical company, focuses on men's health therapeutics in the United States and internationally. It operates through two segments, Prescription Medications and Medical Devices. The company engages in the commercialization and development of Stendra, an PDE-5 inhibitor prescription medication for the treatment of erectile dysfunction (ED).

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