Indivior (LON:INDV) Stock Price Down 15.7% – What’s Next?

Indivior PLC (LON:INDV)’s share price was down 15.7% on Thursday . The stock traded as low as GBX 548.71 ($6.95) and last traded at GBX 732 ($9.28). Approximately 1,888,371 shares changed hands during mid-day trading, an increase of 166% from the average daily volume of 709,477 shares. The stock had previously closed at GBX 868 ($11.00).

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,800 ($22.81) price objective on shares of Indivior in a research note on Tuesday, December 17th.

Indivior Trading Down 15.7 %

The company’s 50 day moving average price is GBX 924.76 and its 200 day moving average price is GBX 852.88. The company has a market cap of £1.14 billion, a price-to-earnings ratio of -606.93, 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 quick ratio of 1.52 and a current ratio of 0.83.

About Indivior

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.