Theratechnologies (TSE:TH) Stock Price Passes Above 50 Day Moving Average - Here's Why

Theratechnologies Inc. (TSE:TH - Get Free Report) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$2.52 and traded as high as C$3.97. Theratechnologies shares last traded at C$3.74, with a volume of 273,150 shares trading hands.

Analyst Upgrades and Downgrades

TH has been the subject of a number of research analyst reports. Research Capitl upgraded shares of Theratechnologies to a "strong-buy" rating in a research note on Friday, February 14th. Jones Trading raised shares of Theratechnologies from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th.

Theratechnologies Stock Performance

The company has a quick ratio of 0.64, a current ratio of 1.08 and a debt-to-equity ratio of -293.92. The stock has a 50 day simple moving average of C$2.52 and a 200 day simple moving average of C$2.25. The company has a market capitalization of C$119.33 million, a price-to-earnings ratio of -42.34, a P/E/G ratio of -8.50 and a beta of 1.73.

About Theratechnologies

Theratechnologies Inc is a specialty pharmaceutical company that addresses the unmet medical needs of HIV patients. It mainly operates in Canada and the United States. The company has two approved products, EGRIFTA marketed in Canada and the United States, and Trogarzo approved for commercialization in the United States.

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