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Cipher Pharmaceuticals (TSE:CPH) Stock Price Crosses Below 50-Day Moving Average - Here's What Happened

Cipher Pharmaceuticals logo with Medical background

Cipher Pharmaceuticals Inc. (TSE:CPH - Get Free Report) NASDAQ: CPHR shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$12.81 and traded as low as C$12.81. Cipher Pharmaceuticals shares last traded at C$12.86, with a volume of 23,771 shares traded.

Wall Street Analysts Forecast Growth

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

Get Our Latest Report on Cipher Pharmaceuticals

Cipher Pharmaceuticals Stock Performance

The company has a market capitalization of C$230.88 million, a PE ratio of 14.20 and a beta of 1.20. The stock's fifty day simple moving average is C$12.81 and its 200-day simple moving average is C$13.01. 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

(Get Free Report)

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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