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Cipher Pharmaceuticals (TSE:CPH) Share Price Crosses Below 50-Day Moving Average - Here's What Happened

Cipher Pharmaceuticals logo with Medical background

Cipher Pharmaceuticals Inc. (TSE:CPH - Get Free Report) NASDAQ: CPHR's share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$14.19 and traded as low as C$12.93. Cipher Pharmaceuticals shares last traded at C$13.05, with a volume of 33,908 shares traded.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus lowered their price target on shares of Cipher Pharmaceuticals from C$19.00 to C$17.00 in a report on Monday, November 11th.

View Our Latest Report on CPH

Cipher Pharmaceuticals Stock Performance

The stock has a market capitalization of C$231.60 million, a PE ratio of 14.25 and a beta of 1.20. The company has a debt-to-equity ratio of 41.22, a current ratio of 2.00 and a quick ratio of 2.67. The business's fifty day moving average price is C$14.07 and its 200-day moving average price is C$14.98.

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.

Further Reading

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