Indivior (LON:INDV) Shares Down 21.3% – Here’s Why

Shares of Indivior PLC (LON:INDV) dropped 21.3% during mid-day trading on Thursday . The stock traded as low as GBX 548.71 ($6.93) and last traded at GBX 683 ($8.63). Approximately 1,971,282 shares traded hands during mid-day trading, an increase of 177% from the average daily volume of 711,780 shares. The stock had previously closed at GBX 868 ($10.97).

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 1,800 ($22.74) target price on shares of Indivior in a report on Tuesday, December 17th.

Indivior Trading Down 5.9 %

The firm has a market cap of £1.08 billion, a price-to-earnings ratio of -570.87, a price-to-earnings-growth ratio of -5.57 and a beta of 0.19. The company has a debt-to-equity ratio of -170.06, a current ratio of 0.83 and a quick ratio of 1.52. The firm’s fifty day moving average is GBX 920.11 and its 200-day moving average is GBX 850.81.

Indivior Company Profile

Indivior PLC, together with its subsidiaries, engages in the development, manufacture, and sale of buprenorphine-based prescription drugs for the treatment of opioid dependence and co-occurring disorders in the United States, the United Kingdom, and internationally. The company develops medicines to treat substance use disorders, serious mental illnesses, and opioid overdose.