Novita Healthcare (ASX:NHL) Stock Price Down 13.7%

Shares of Novita Healthcare Ltd (ASX:NHL) traded down 13.7% during trading on Thursday . The company traded as low as A$0.06 ($0.04) and last traded at A$0.06 ($0.04), 89,619,915 shares changed hands during mid-day trading. The stock had previously closed at A$0.07 ($0.05).

The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 33.30. The business’s 50-day moving average price is A$0.04 and its 200 day moving average price is A$0.02. The company has a market capitalization of $36.44 million and a P/E ratio of -9.57.

About Novita Healthcare (ASX:NHL)

Novita Healthcare Limited engages in the development and commercialization of healthcare technologies in Australia. The company operates through Research and Development, Healthcare/Workforce Management, and Investments segments. It offers TALI Train, a game-based training program to treat and monitor cognitive problems, such as attention difficulties in early childhood.

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