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

Oncolytics Biotech logo with Medical background

Oncolytics Biotech Inc. (TSE:ONC - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.44 and traded as high as C$1.74. Oncolytics Biotech shares last traded at C$1.68, with a volume of 175,570 shares.

Analyst Ratings Changes

Separately, Raymond James upped their target price on Oncolytics Biotech from C$3.00 to C$3.50 in a research report on Friday, September 20th.

Get Our Latest Research Report on Oncolytics Biotech

Oncolytics Biotech Price Performance

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 stock has a market capitalization of C$132.97 million, a PE ratio of -4.55 and a beta of 1.35. The stock's 50 day moving average is C$1.42 and its two-hundred day moving average is C$1.44.

Oncolytics Biotech (TSE:ONC - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported C($0.10) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of C($0.10). On average, equities analysts anticipate that Oncolytics Biotech Inc. will post -0.41 EPS for the current fiscal year.

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.

Further Reading

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