PetVivo (NASDAQ:PETV) Shares Up 14.2% – Here’s Why

PetVivo Holdings, Inc. (NASDAQ:PETVGet Free Report)’s share price shot up 14.2% on Friday . The company traded as high as $0.80 and last traded at $0.80. 51,445 shares changed hands during mid-day trading, an increase of 150% from the average session volume of 20,614 shares. The stock had previously closed at $0.70.

PetVivo Trading Up 14.2%

The company’s 50 day simple moving average is $0.68 and its 200-day simple moving average is $0.64. The firm has a market cap of $19.41 million, a P/E ratio of -1.78 and a beta of 0.87. The company has a quick ratio of 0.47, a current ratio of 0.42 and a debt-to-equity ratio of 0.02.

About PetVivo

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PetVivo Holdings, Inc, a biomedical device company, engages in the manufacturing, commercializing, and licensing of medical devices and biomaterials for the treatment of afflictions and diseases in animals. Its lead product is Spryng, a veterinarian-administered, intraarticular injection for the management of lameness and other joint afflictions, such as osteoarthritis in dogs and horses.

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