Cipher Pharmaceuticals Inc. (TSE:CPH - Get Free Report) NASDAQ: CPHR's stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$12.83 and traded as low as C$12.52. Cipher Pharmaceuticals shares last traded at C$12.78, with a volume of 11,844 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group set a C$12.50 price target on shares of Cipher Pharmaceuticals and gave the company a "hold" rating in a research report on Monday, April 7th.
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Cipher Pharmaceuticals Price Performance
The company has a 50-day moving average price of C$12.77 and a 200-day moving average price of C$12.82. The firm has a market capitalization of C$221.36 million, a P/E ratio of 13.62 and a beta of 1.20. The company has a debt-to-equity ratio of 41.22, a quick ratio of 2.67 and a current ratio of 2.00.
About Cipher Pharmaceuticals
(
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Cipher Pharmaceuticals Inc is a specialty pharmaceutical company. Its products include Dermatology Products, Hospital Acute Care Products, and Out-Licensed Products among others. The company's geographical segments include Canada and the United States.
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