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Theratechnologies (TSE:TH) Stock Crosses Above 50-Day Moving Average - Here's What Happened

Theratechnologies logo with Medical background

Theratechnologies Inc. (TSE:TH - Get Free Report) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$3.69 and traded as high as C$4.30. Theratechnologies shares last traded at C$4.29, with a volume of 18,025 shares.

Analysts Set New Price Targets

Separately, Jones Trading cut shares of Theratechnologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 3rd.

Check Out Our Latest Analysis on TH

Theratechnologies Trading Up 0.9%

The firm has a 50-day moving average price of C$3.75 and a 200-day moving average price of C$3.07. The company has a debt-to-equity ratio of -293.92, a quick ratio of 0.64 and a current ratio of 1.08. The stock has a market cap of C$138.15 million, a PE ratio of -49.01, a price-to-earnings-growth ratio of -8.50 and a beta of 1.73.

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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