PetVivo (NASDAQ:PETV) Trading Down 11% – Should You Sell?

PetVivo Holdings, Inc. (NASDAQ:PETV)’s share price dropped 11% during trading on Tuesday . The stock traded as low as $0.6873 and last traded at $0.7050. Approximately 16,865 shares were traded during trading, an increase of 19% from the average daily volume of 14,208 shares. The stock had previously closed at $0.7920.

PetVivo Trading Down 11.0%

The company has a fifty day moving average of $0.88 and a two-hundred day moving average of $1.05. 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 stock has a market capitalization of $24.69 million, a price-to-earnings ratio of -1.57 and a beta of 1.18.

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.