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Oncolytics Biotech (TSE:ONC) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Oncolytics Biotech logo with Medical background

Shares of Oncolytics Biotech Inc. (TSE:ONC - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.40 and traded as high as C$1.42. Oncolytics Biotech shares last traded at C$1.41, with a volume of 199,488 shares.

Analyst Upgrades and Downgrades

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

Get Our Latest Analysis on ONC

Oncolytics Biotech Stock Performance

The company's fifty day moving average price is C$1.42 and its two-hundred day moving average price is C$1.40. The company has a debt-to-equity ratio of 6.09, a quick ratio of 8.86 and a current ratio of 4.99. The firm has a market capitalization of C$109.91 million, a PE ratio of -3.76 and a beta of 1.35.

Oncolytics Biotech Company Profile

(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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