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Fennec Pharmaceuticals (TSE:FRX) Stock Price Passes Below 50 Day Moving Average - What's Next?

Fennec Pharmaceuticals logo with Medical background

Fennec Pharmaceuticals Inc. (TSE:FRX - Get Free Report) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$6.89 and traded as low as C$6.40. Fennec Pharmaceuticals shares last traded at C$6.55, with a volume of 1,125 shares traded.

Fennec Pharmaceuticals Stock Performance

The company's 50-day moving average price is C$6.86 and its 200 day moving average price is C$8.84. The stock has a market capitalization of C$180.85 million, a PE ratio of 68.80 and a beta of 0.25. The company has a debt-to-equity ratio of 1,040.68, a quick ratio of 10.17 and a current ratio of 8.02.

Fennec Pharmaceuticals (TSE:FRX - Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The biopharmaceutical company reported C($0.27) EPS for the quarter, missing the consensus estimate of C$0.08 by C($0.35). The company had revenue of C$9.94 million during the quarter, compared to analysts' expectations of C$18.67 million. Fennec Pharmaceuticals had a negative return on equity of 1,005.59% and a net margin of 5.59%. On average, equities research analysts expect that Fennec Pharmaceuticals Inc. will post 0.6037736 earnings per share for the current fiscal year.

Fennec Pharmaceuticals Company Profile

(Get Free Report)

Fennec Pharmaceuticals Inc operates as a biopharmaceutical company in the United States. The company's product candidate includes PEDMARK, a formulation of sodium thiosulfate for the prevention of platinum-induced ototoxicity in pediatric cancer patients. It sells its products through regional pediatric oncology specialists and medical science liaisons.

Further Reading

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