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ESSA Pharma (NASDAQ:EPIX) Stock Passes Below Fifty Day Moving Average - Time to Sell?

ESSA Pharma logo with Medical background

ESSA Pharma Inc. (NASDAQ:EPIX - Get Free Report) TSE: EPI's stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $1.62 and traded as low as $1.52. ESSA Pharma shares last traded at $1.58, with a volume of 81,023 shares changing hands.

ESSA Pharma Trading Down 1.4 %

The stock's fifty day moving average price is $1.62 and its two-hundred day moving average price is $2.37. The firm has a market capitalization of $77.46 million, a price-to-earnings ratio of -2.53 and a beta of 1.61.

ESSA Pharma (NASDAQ:EPIX - Get Free Report) TSE: EPI last released its quarterly earnings data on Tuesday, February 11th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.01). Analysts anticipate that ESSA Pharma Inc. will post -0.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. FNY Investment Advisers LLC purchased a new position in shares of ESSA Pharma during the fourth quarter worth about $44,000. Magnus Financial Group LLC acquired a new position in shares of ESSA Pharma in the 4th quarter valued at $99,000. BML Capital Management LLC purchased a new stake in shares of ESSA Pharma in the fourth quarter valued at about $7,557,000. Lepercq Multi Asset Fund purchased a new stake in ESSA Pharma during the 4th quarter valued at approximately $54,000. Finally, Aldebaran Capital LLC purchased a new stake in shares of ESSA Pharma during the fourth quarter worth approximately $712,000. Institutional investors and hedge funds own 75.12% of the company's stock.

ESSA Pharma Company Profile

(Get Free Report)

ESSA Pharma Inc, a clinical stage pharmaceutical company, focuses the development of small molecule drugs for the treatment of prostate cancer. The company's lead candidate EPI-7386, an androgen receptor based resistance mechanisms that develop in patients with castration-resistant prostate cancer and metastatic castration-resistant prostate cancer.

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