Indivior (LON:INDV) Stock Price Down 16% – Here’s Why

Indivior PLC (LON:INDV) shares dropped 16% during mid-day trading on Thursday . The stock traded as low as GBX 548.71 ($6.93) and last traded at GBX 729.50 ($9.22). Approximately 78,684,203 shares traded hands during trading, an increase of 2,668% from the average daily volume of 2,842,694 shares. The stock had previously closed at GBX 868 ($10.97).

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,800 ($22.74) price target on shares of Indivior in a research note on Tuesday, December 17th.

Indivior Stock Performance

The firm has a 50 day moving average of GBX 920.11 and a two-hundred day moving average of GBX 850.81. The stock has a market cap of £1.08 billion, a P/E ratio of -570.87, a P/E/G ratio of -5.57 and a beta of 0.19. The company has a debt-to-equity ratio of -170.06, a quick ratio of 1.52 and a current ratio of 0.83.

Indivior Company Profile

Indivior PLC, together with its subsidiaries, engages in the development, manufacture, and sale of buprenorphine-based prescription drugs for the treatment of opioid dependence and co-occurring disorders in the United States, the United Kingdom, and internationally. The company develops medicines to treat substance use disorders, serious mental illnesses, and opioid overdose.