Midatech Pharma plc (NASDAQ:MTP – Get Rating) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.70 and traded as low as $0.40. Midatech Pharma shares last traded at $0.53, with a volume of 573,124 shares traded.
Midatech Pharma Stock Performance
The company's 50 day moving average price is $0.70 and its 200-day moving average price is $0.71. The company has a quick ratio of 6.39, a current ratio of 6.39 and a debt-to-equity ratio of 0.06.
Get Midatech Pharma alerts:Midatech Pharma's stock is scheduled to reverse split before the market opens on Monday, September 26th. The 1-5 reverse split was announced on Monday, September 26th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, September 26th.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Midatech Pharma stock. Great Valley Advisor Group Inc. bought a new position in Midatech Pharma plc (NASDAQ:MTP – Get Rating) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 49,600 shares of the company's stock, valued at approximately $27,000. Great Valley Advisor Group Inc. owned 0.25% of Midatech Pharma at the end of the most recent reporting period. Institutional investors and hedge funds own 3.37% of the company's stock.Midatech Pharma Company Profile
(Get Rating)
Midatech Pharma plc, a drug delivery technology company, focuses on the research and development of medicines in the United Kingdom, rest of Europe, and internationally. The company is developing MTX110, a direct delivery treatment for diffuse intrinsic pontine glioma, medulloblastomas, and glioblastoma multiforme; MTX114, an immuno-suppressant for topical application in psoriasis; MTD211, a long-acting formulation of brexpiprazole for the treatment of schizophrenia and adjunctive treatment of major depressive disorder; and MTD219, a long-acting formulation of tacrolimus used to lower the risk of organ transplant rejection.
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