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Theratechnologies (TSE:TH) Shares Cross Above 50-Day Moving Average - Here's Why

Theratechnologies logo with Medical background

Key Points

  • Theratechnologies Inc. shares crossed above their 50-day moving average, reaching a high of C$4.53 during trading, with the current price at C$4.47.
  • Jones Trading downgraded the stock from a "strong-buy" to a "hold" rating, while the consensus rating remains at "Buy" with one analyst supporting the strong buy rating.
  • The company's market capitalization stands at C$205.53 million, with a negative price-to-earnings ratio of -23.53, indicating potential financial challenges.
  • Five stocks we like better than Theratechnologies.

Theratechnologies Inc. (TSE:TH - Get Free Report)'s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$4.47 and traded as high as C$4.53. Theratechnologies shares last traded at C$4.47, with a volume of 35,472 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Jones Trading lowered shares of Theratechnologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

Check Out Our Latest Analysis on TH

Theratechnologies Price Performance

The stock's 50-day moving average price is C$4.47 and its 200-day moving average price is C$3.75. The company has a market capitalization of C$205.53 million, a price-to-earnings ratio of -23.53, a price-to-earnings-growth ratio of -8.50 and a beta of 0.26. The company has a quick ratio of 0.64, a current ratio of 1.08 and a debt-to-equity ratio of -293.92.

Theratechnologies Company Profile

(Get Free Report)

Theratechnologies Inc is a specialty pharmaceutical company that addresses the unmet medical needs of HIV patients. It mainly operates in Canada and the United States. The company has two approved products, EGRIFTA marketed in Canada and the United States, and Trogarzo approved for commercialization in the United States.

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