PetVivo (NASDAQ:PETV) Shares Down 8.5% – What’s Next?

PetVivo Holdings, Inc. (NASDAQ:PETV)’s stock price was down 8.5% on Monday . The company traded as low as $0.7320 and last traded at $0.7320. Approximately 12,784 shares traded hands during trading, an increase of 15% from the average daily volume of 11,149 shares. The stock had previously closed at $0.80.

PetVivo Price Performance

The company has a quick ratio of 0.47, a current ratio of 0.42 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average price is $0.76 and its 200-day moving average price is $0.93. The stock has a market cap of $28.87 million, a P/E ratio of -1.78 and a beta of 1.27.

PetVivo Company Profile

PetVivo, Inc, headquartered in Ormond Beach, Florida, is a regenerative biomedical technology company specializing in veterinary applications. The company’s core focus is on developing and commercializing sustained-release intra-articular therapies for animals through its proprietary RediVet injectable micro-plug system. This biodegradable polymer platform is designed to provide controlled release of therapeutic agents directly into joints, targeting osteoarthritis and related inflammatory conditions in companion and performance animals.

PetVivo’s lead product, the RediVet-40 system, has been evaluated in proof-of-concept trials involving canine patients with osteoarthritis.