Midatech Pharma (NASDAQ:MTP) Stock Crosses Below Fifty Day Moving Average of $2.14

Shares of Midatech Pharma plc (NASDAQ:MTPGet Rating) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $2.14 and traded as low as $1.50. Midatech Pharma shares last traded at $1.51, with a volume of 7,029 shares traded.

Midatech Pharma Price Performance

The company has a 50-day simple moving average of $2.14 and a two-hundred day simple moving average of $2.83.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Midatech Pharma stock. Great Valley Advisor Group Inc. acquired a new position in Midatech Pharma plc (NASDAQ:MTPGet Rating) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 49,600 shares of the company’s stock, valued at approximately $27,000. Great Valley Advisor Group Inc. owned about 0.25% of Midatech Pharma at the end of the most recent quarter. Hedge funds and other institutional investors own 3.37% of the company’s stock.

Midatech Pharma Company Profile

(Get Rating)

Midatech Pharma plc, a drug delivery technology company, focuses on the research and development of medicines in the United Kingdom, rest of Europe, and internationally. The company is developing MTX110, a direct delivery treatment for diffuse intrinsic pontine glioma, medulloblastomas, and glioblastoma multiforme; MTX114, an immuno-suppressant for topical application in psoriasis; MTD211, a long-acting formulation of brexpiprazole for the treatment of schizophrenia and adjunctive treatment of major depressive disorder; and MTD219, a long-acting formulation of tacrolimus used to lower the risk of organ transplant rejection.

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