Arecor Therapeutics (LON:AREC) Trading Down 7.8% – What’s Next?

Arecor Therapeutics plc (LON:ARECGet Free Report) shares traded down 7.8% on Friday . The stock traded as low as GBX 64.50 ($0.81) and last traded at GBX 70.50 ($0.89). 18,864 shares were traded during mid-day trading, an increase of 37% from the average session volume of 13,806 shares. The stock had previously closed at GBX 76.50 ($0.97).

Arecor Therapeutics Stock Down 7.8 %

The firm has a fifty day moving average price of GBX 74.06 and a 200-day moving average price of GBX 90.60. The firm has a market cap of £26.62 million, a price-to-earnings ratio of -251.79 and a beta of -0.18. The company has a quick ratio of 6.24, a current ratio of 1.37 and a debt-to-equity ratio of 5.51.

Arecor Therapeutics Company Profile

(Get Free Report)

Arecor Therapeutics plc, a biopharmaceutical company, focuses on developing products in diabetes and other indications. The company through its proprietary formulation technology platform, Arestat, developing a portfolio of proprietary products in diabetes and other indications, as well as working with pharmaceutical and biotechnology companies to deliver enhanced reformulations of therapeutic products.

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