Avacta Group (LON:AVCT) Stock Price Down 6.5% – Here’s Why

Shares of Avacta Group Plc (LON:AVCT) fell 6.5% during mid-day trading on Thursday . The stock traded as low as GBX 42.27 ($0.53) and last traded at GBX 43.25 ($0.55). 1,947,396 shares traded hands during trading, a decline of 16% from the average session volume of 2,306,089 shares. The stock had previously closed at GBX 46.25 ($0.58).

Avacta Group Stock Performance

The firm has a market cap of £154.07 million, a PE ratio of -477.78 and a beta of 1.12. The stock has a 50-day moving average price of GBX 51.25 and a 200 day moving average price of GBX 57.55. The company has a debt-to-equity ratio of 63.54, a current ratio of 1.29 and a quick ratio of 4.96.

About Avacta Group

Avacta Group Plc develops cancer therapies and diagnostics in the United Kingdom, France, North America, South Korea, and rest of Asia and Europe. The company operates through Diagnostics and Therapeutics segments. It develops products based on its proprietary Affimer and pre|CISION technology platforms.