Shares of PetVivo Holdings, Inc. (NASDAQ:PETV – Get Free Report) fell 8.5% during mid-day trading on Monday . The company traded as low as $0.7320 and last traded at $0.7320. 12,784 shares were traded during trading, an increase of 15% from the average session volume of 11,149 shares. The stock had previously closed at $0.80.
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 firm’s fifty day moving average is $0.76 and its 200 day moving average is $0.94. The company has a market cap of $26.42 million, a PE ratio of -1.63 and a beta of 1.27.
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.
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