Cipher Pharmaceuticals (TSE:CPH) Share Price Passes Below 50-Day Moving Average - Should You Sell?

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 Ratings Changes

Separately, Canaccord Genuity Group set a C$12.50 target price on Cipher Pharmaceuticals and gave the company a "hold" rating in a report on Monday, April 7th.

Cipher Pharmaceuticals Trading Down 4.5%

The business has a fifty day simple moving average of C$12.80 and a 200 day simple moving average of C$12.85. The stock has a market cap of C$221.36 million, a price-to-earnings 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.

Cipher Pharmaceuticals Company Profile

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.