PetVivo Holdings, Inc. (NASDAQ:PETV – Get Free Report) shares shot up 0.1% during trading on Friday . The company traded as high as $0.9799 and last traded at $0.9799. 12,625 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 16,995 shares. The stock had previously closed at $0.9791.
PetVivo Stock Performance
The company has a debt-to-equity ratio of 0.02, a current ratio of 0.42 and a quick ratio of 0.47. The company has a market cap of $33.86 million, a P/E ratio of -2.18 and a beta of 1.14. The stock’s 50-day moving average price is $1.09 and its 200-day moving average price is $1.06.
About PetVivo
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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