Allergy Therapeutics (LON:AGY) Trading Up 9.7% – Here’s What Happened

Allergy Therapeutics plc (LON:AGYGet Free Report)’s share price shot up 9.7% during mid-day trading on Wednesday . The company traded as high as GBX 6 and last traded at GBX 5.90. Approximately 595,174 shares traded hands during trading, an increase of 120% from the average session volume of 270,738 shares. The stock had previously closed at GBX 5.38.

Allergy Therapeutics Stock Performance

The company’s 50-day moving average price is GBX 7.49 and its 200 day moving average price is GBX 9.68. The company has a debt-to-equity ratio of 629.58, a quick ratio of 1.48 and a current ratio of 1.13. The stock has a market capitalization of £373.62 million, a PE ratio of -6.08, a PEG ratio of -30.70 and a beta of 0.87.

About Allergy Therapeutics

(Get Free Report)

Allergy Therapeutics is an international commercial biotechnology company focussed on the treatment and diagnosis of allergic disorders, including aluminium free immunotherapy vaccines that have the potential to cure disease. The Group sells proprietary and third party products from its subsidiaries in nine major European countries and via distribution agreements in an additional ten countries. Its broad pipeline of products in clinical development include vaccines for grass, tree and house dust mite, and peanut allergy vaccine in pre-clinical development.

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