Indivior (LON:INDV) Shares Down 15.7% – Here’s What Happened

Shares of Indivior PLC (LON:INDV) dropped 15.7% on Thursday . The company traded as low as GBX 548.71 ($6.90) and last traded at GBX 732 ($9.21). Approximately 1,888,371 shares were traded during trading, an increase of 166% from the average daily volume of 709,477 shares. The stock had previously closed at GBX 868 ($10.92).

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 1,800 ($22.65) target price on shares of Indivior in a report on Tuesday, December 17th.

Indivior Price Performance

The company has a debt-to-equity ratio of -170.06, a quick ratio of 1.52 and a current ratio of 0.83. The firm has a market capitalization 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 business has a fifty day moving average of GBX 928.06 and a two-hundred day moving average of GBX 853.71.

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.