PetVivo (NASDAQ:PETV) Shares Down 6.8% – Here’s Why

PetVivo Holdings, Inc. (NASDAQ:PETVGet Free Report) shares were down 6.8% on Friday . The stock traded as low as $0.41 and last traded at $0.41. Approximately 27,047 shares changed 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 Stock Down 6.8 %

The stock has a fifty day moving average of $0.51 and a two-hundred day moving average of $0.55. The company has a quick ratio of 0.47, a current ratio of 0.67 and a debt-to-equity ratio of 0.02. The stock has a market cap of $8.44 million, a price-to-earnings ratio of -0.85 and a beta of 2.42.

PetVivo Company Profile

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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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