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ESSA Pharma (NASDAQ:EPIX) Stock Price Crosses Below Fifty Day Moving Average - Here's Why

ESSA Pharma logo with Medical background
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ESSA Pharma Inc. (NASDAQ:EPIX - Get Free Report) TSE: EPI's share price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $1.68 and traded as low as $1.55. ESSA Pharma shares last traded at $1.55, with a volume of 82,165 shares.

ESSA Pharma Price Performance

The company has a market cap of $69.25 million, a PE ratio of -2.26 and a beta of 1.59. The business has a fifty day simple moving average of $1.67 and a two-hundred day simple moving average of $2.84.

ESSA Pharma (NASDAQ:EPIX - Get Free Report) TSE: EPI last issued its quarterly earnings data on Tuesday, February 11th. The company reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.01). On average, equities research analysts predict that ESSA Pharma Inc. will post -0.42 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Squarepoint Ops LLC purchased a new stake in ESSA Pharma in the fourth quarter valued at about $26,000. Two Sigma Securities LLC acquired a new position in ESSA Pharma during the fourth quarter valued at $29,000. GTS Securities LLC purchased a new stake in ESSA Pharma in the fourth quarter valued at $30,000. FNY Investment Advisers LLC acquired a new stake in ESSA Pharma during the 4th quarter worth about $44,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of ESSA Pharma during the 4th quarter valued at about $47,000. 75.12% of the stock is currently owned by hedge funds and other institutional investors.

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ESSA Pharma Company Profile

(Get Free Report)

ESSA Pharma Inc, a clinical stage pharmaceutical company, focuses the development of small molecule drugs for the treatment of prostate cancer. The company's lead candidate EPI-7386, an androgen receptor based resistance mechanisms that develop in patients with castration-resistant prostate cancer and metastatic castration-resistant prostate cancer.

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