Shield Therapeutics (LON:STX) Trading Down 3.4% – Here’s Why

Shield Therapeutics plc (LON:STXGet Free Report) was down 3.4% during trading on Wednesday . The stock traded as low as GBX 2.80 ($0.04) and last traded at GBX 2.80 ($0.04). Approximately 2,343,094 shares changed hands during trading, a decline of 48% from the average daily volume of 4,502,179 shares. The stock had previously closed at GBX 2.90 ($0.04).

Shield Therapeutics Price Performance

The business’s fifty day moving average price is GBX 3.76 and its 200 day moving average price is GBX 2.99. The company has a debt-to-equity ratio of 3,691.50, a current ratio of 1.05 and a quick ratio of 2.16. The stock has a market cap of £22.52 million, a P/E ratio of -72.50 and a beta of 1.42.

About Shield Therapeutics

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Shield Therapeutics plc, a specialty pharmaceutical company, focuses on commercialization of pharmaceuticals to treat unmet medical needs. Its lead product is Accrufer/Feraccru, a non-salt based oral therapy for adults to treat the iron deficiency with or without anemia. Shield Therapeutics plc was founded in 2008 and is based in Gateshead, the United Kingdom.

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