PetVivo (NASDAQ:PETV) Stock Price Down 6.8% – Time to Sell?

PetVivo Holdings, Inc. (NASDAQ:PETVGet Free Report)’s share price dropped 6.8% on Friday . The stock traded as low as $0.41 and last traded at $0.41. Approximately 27,047 shares traded hands during mid-day trading, a decline of 19% from the average daily volume of 33,191 shares. The stock had previously closed at $0.44.

PetVivo Trading Down 6.8 %

The business’s 50-day simple moving average is $0.51 and its 200-day simple moving average is $0.55. The company has a market cap of $8.44 million, a PE ratio of -0.85 and a beta of 2.42. The company has a current ratio of 0.67, a quick ratio of 0.47 and a debt-to-equity ratio of 0.02.

PetVivo Company Profile

(Get Free Report)

PetVivo Holdings, Inc, a biomedical device company, engages in the manufacturing, commercializing, and licensing of medical devices and biomaterials for the treatment of afflictions and diseases in animals. Its lead product is Spryng, a veterinarian-administered, intraarticular injection for the management of lameness and other joint afflictions, such as osteoarthritis in dogs and horses.

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