Palatin Technologies (PINK:PTNT) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Palatin Technologies, Inc. (PINK:PTNTGet Free Report)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.80 and traded as high as $7.00. Palatin Technologies shares last traded at $5.60, with a volume of 7,665 shares changing hands.

Palatin Technologies Price Performance

The stock has a 50-day moving average price of $5.60 and a two-hundred day moving average price of $5.80. The stock has a market cap of $145.66 million, a PE ratio of -3.61 and a beta of 0.87.

About Palatin Technologies

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Palatin Technologies, Inc, a biopharmaceutical company, develops targeted receptor-specific therapeutics for the treatment of various diseases in the United States. The company's lead product is Vyleesi, a melanocortin receptor (MCr) agonist for the treatment of premenopausal women with hypoactive sexual desire disorder.

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