Cipher Pharmaceuticals (TSE:CPH) Stock Crosses Below 50 Day Moving Average - What's Next?

Key Points

• Cipher Pharmaceuticals (TSE:CPH) shares fell below their 50-day moving average of C$15.30, reaching a low of C$14.41 during trading.
• The company's stock price is down 2.1%, with a current trading price of C$14.57 and a market capitalization of C$369.99 million.
• Cipher Pharmaceuticals operates in both Canada and the United States, specializing in dermatology and acute care products.

Cipher Pharmaceuticals Inc. (TSE:CPH - NASDAQ: CPHR's share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$15.30 and traded as low as C$14.41. Cipher Pharmaceuticals shares last traded at C$14.57, with a volume of 33,928 shares changing hands.

Cipher Pharmaceuticals Stock Down 2.1%

The company has a 50-day simple moving average of C$15.30 and a 200 day simple moving average of C$13.55. The company has a market cap of C$369.99 million, a P/E ratio of 31.67 and a beta of 0.77. The company has a current ratio of 2.00, a quick ratio of 2.67 and a debt-to-equity ratio of 41.22.

About Cipher Pharmaceuticals

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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