Arecor Therapeutics (LON:AREC) Trading Down 0.3% – Here’s What Happened

Arecor Therapeutics plc (LON:AREC) shares were down 0.3% during trading on Thursday . The stock traded as low as GBX 85.26 and last traded at GBX 85.26. 1,182 shares traded hands during trading, a decline of 95% from the average session volume of 24,282 shares. The stock had previously closed at GBX 85.50.

Arecor Therapeutics Trading Down 0.3%

The company has a 50 day moving average of GBX 67.69 and a 200 day moving average of GBX 67.10. The company has a debt-to-equity ratio of 1.52, a quick ratio of 6.24 and a current ratio of 4.35. The stock has a market capitalization of £32.19 million, a price-to-earnings ratio of 42.63 and a beta of -0.18.

Arecor Therapeutics Company Profile

Arecor Therapeutics plc (AIM: AREC) is a clinical-stage biotech company developing superior therapeutics that can reduce treatment burden and improve outcomes for people living with diabetes, obesity and other cardiometabolic diseases.

Lead product, AT278, is the only ultra-concentrated (500U/mL) ultra-rapid-acting insulin in development. Arecor has signed an initial strategic partnership with Sequel Med Tech, a leading automated insulin delivery (AID) system company to co-develop AT278 in combination with Sequel’s twiist™ AID system.