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Oncolytics Biotech (TSE:ONC) Stock Passes 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 crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$1.44 and traded as high as C$1.64. Oncolytics Biotech shares last traded at C$1.59, with a volume of 50,418 shares trading hands.

Wall Street Analyst Weigh In

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

Read Our Latest Analysis on Oncolytics Biotech

Oncolytics Biotech Trading Up 4.4 %

The firm has a market cap of C$127.59 million, a PE ratio of -4.29 and a beta of 1.35. 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 company has a 50 day simple moving average of C$1.45 and a two-hundred day simple moving average of C$1.44.

Oncolytics Biotech (TSE:ONC - Get Free Report) last posted 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). Analysts expect 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.

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