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

Indivior PLC (LON:INDV)’s share price dropped 15.7% during trading on Thursday . The stock traded as low as GBX 548.71 ($6.90) and last traded at GBX 732 ($9.21). Approximately 1,888,371 shares traded 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 ($10.92).

Analysts Set New Price Targets

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

Indivior Trading Down 15.7 %

The company has a quick ratio of 1.52, a current ratio of 0.83 and a debt-to-equity ratio of -170.06. The stock has a market capitalization of £1.14 billion, a P/E ratio of -606.93, a P/E/G ratio of -5.57 and a beta of 0.19. The stock’s 50 day moving average price is GBX 928.06 and its 200-day moving average price is 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.