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

Theratechnologies logo with Medical background

Theratechnologies Inc. (TSE:TH - Get Free Report)'s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$2.52 and traded as high as C$3.97. Theratechnologies shares last traded at C$3.74, with a volume of 273,150 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Jones Trading raised shares of Theratechnologies from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. Research Capitl upgraded shares of Theratechnologies to a "strong-buy" rating in a research note on Friday, February 14th.

Check Out Our Latest Research Report on Theratechnologies

Theratechnologies Trading Down 2.5 %

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 company has a market cap of C$122.52 million, a price-to-earnings ratio of -43.47, a P/E/G ratio of -8.50 and a beta of 1.73. The company's fifty day moving average is C$2.59 and its two-hundred day moving average is C$2.30.

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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