SkinBioTherapeutics (LON:SBTX) Stock Price Up 6.2% – Here’s What Happened

SkinBioTherapeutics plc (LON:SBTX) rose 6.2% during trading on Friday . The company traded as high as GBX 9 and last traded at GBX 6.90. Approximately 2,144,433 shares changed hands during trading, a decline of 50% from the average daily volume of 4,275,483 shares. The stock had previously closed at GBX 6.50.

SkinBioTherapeutics Price Performance

The stock has a market cap of £17.88 million, a PE ratio of -22.26 and a beta of 0.47. The business has a 50-day moving average price of GBX 9.54 and a 200 day moving average price of GBX 12.51. The company has a current ratio of 6.14, a quick ratio of 10.01 and a debt-to-equity ratio of 11.77.

SkinBioTherapeutics (LON:SBTX) last issued its earnings results on Monday, June 8th. The company reported GBX (0.31) earnings per share for the quarter. The company had revenue of GBX 217 million for the quarter. SkinBioTherapeutics had a negative net margin of 8.73% and a negative return on equity of 5.25%.

About SkinBioTherapeutics

SkinBioTherapeutics plc, a life science company, engages in identification and development of technology that harnesses the human microbiome to improve health in the United Kingdom, the United States, and Europe. It develops SkinBiotix technology that promotes skin health by harnessing the beneficial properties of probiotic bacteria and the active components; and AxisBiotix technology that focuses on the gut-skin relationship and is designed to alleviate the symptoms associated with psoriasis. The company has an agreement with Croda Plc; and operates two research programmes with the University of Manchester, an oral programme and an inflammation study.