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Oncolytics Biotech (TSE:ONC) Sets New 12-Month Low - What's Next?

Oncolytics Biotech logo with Medical background

Oncolytics Biotech Inc. (TSE:ONC - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$1.15 and last traded at C$1.17, with a volume of 121921 shares traded. The stock had previously closed at C$1.18.

Analysts Set New Price Targets

Separately, Raymond James upgraded Oncolytics Biotech to a "moderate buy" rating in a report on Thursday, November 14th.

Read Our Latest Stock Analysis on Oncolytics Biotech

Oncolytics Biotech Stock Performance

The business has a 50 day simple moving average of C$1.51 and a 200-day simple moving average of C$1.41. The company has a current ratio of 4.99, a quick ratio of 8.86 and a debt-to-equity ratio of 6.09. The stock has a market capitalization of C$90.69 million, a price-to-earnings ratio of -3.11 and a beta of 1.35.

About Oncolytics Biotech

(Get Free Report)

Oncolytics Biotech Inc, a clinical-stage biopharmaceutical company, focuses on the discovery and development of pharmaceutical products for the treatment of cancer. The company is developing pelareorep, an intravenously delivered immunotherapeutic agent, which is in phase 3 clinical trial for the treatment of hormone receptor-positive / human epidermal growth factor 2-negative metastatic breast cancer and advanced/metastatic pancreatic ductal adenocarcinoma.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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