Pheton (NASDAQ:PTHL) Stock Price Down 8.6% – Here’s What Happened

Pheton Holdings Ltd (NASDAQ:PTHLGet Free Report)’s stock price dropped 8.6% during trading on Wednesday . The company traded as low as $16.96 and last traded at $17.12. Approximately 479,146 shares traded hands during trading, an increase of 108% from the average daily volume of 229,894 shares. The stock had previously closed at $18.74.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Pheton to a “hold” rating in a report on Thursday, May 22nd.

Read Our Latest Report on Pheton

Pheton Stock Performance

The business’s 50 day simple moving average is $8.24 and its two-hundred day simple moving average is $5.10.

Pheton Company Profile

(Get Free Report)

Pheton Holdings Ltd. operates as a holding company with interests in providing healthcare solutions. The firm through its subsidiaries engages in the development and commercialization of brachytherapy TPS specifically used for radioactive particle implantation, a type of radiotherapy used in treating cancer patients by placing radioactive sources inside the patient that kill cancer cells and shrink tumors.

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