Cipher Pharmaceuticals Inc. (TSE:CPH - Get Free Report) NASDAQ: CPHR shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$12.06 and traded as low as C$11.40. Cipher Pharmaceuticals shares last traded at C$11.47, with a volume of 24,879 shares trading hands.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group set a C$12.50 price target on shares of Cipher Pharmaceuticals and gave the company a "hold" rating in a research note on Monday, April 7th.
Get Our Latest Analysis on CPH
Cipher Pharmaceuticals Stock Performance
The company has a current ratio of 2.00, a quick ratio of 2.67 and a debt-to-equity ratio of 41.22. The company has a market cap of C$222.62 million, a price-to-earnings ratio of 13.69 and a beta of 1.20. The stock has a 50 day moving average price of C$12.03 and a two-hundred day moving average price of C$13.73.
Insiders Place Their Bets
In related news, Director Harold Morton Wolkin sold 3,500 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of C$13.49, for a total value of C$47,215.00. Company insiders own 42.00% of the company's stock.
About Cipher Pharmaceuticals
(
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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