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

Theratechnologies Inc. (TSE:TH - Get Free Report)'s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$1.73 and traded as high as C$1.85. Theratechnologies shares last traded at C$1.83, with a volume of 35,642 shares.

Theratechnologies Price Performance

The company's 50-day simple moving average is C$1.73 and its 200 day simple moving average is C$1.82. The company has a market cap of C$84.14 million, a PE ratio of -10.17, a PEG ratio of -8.50 and a beta of 1.73. The company has a debt-to-equity ratio of 562.07, a quick ratio of 0.64 and a current ratio of 1.10.

Theratechnologies (TSE:TH - Get Free Report) last released its earnings results on Thursday, October 10th. The company reported C$0.09 earnings per share (EPS) for the quarter. Theratechnologies had a negative return on equity of 1,116.86% and a negative net margin of 8.47%. The firm had revenue of C$30.96 million during the quarter. On average, sell-side analysts predict that Theratechnologies Inc. will post 0.0298643 earnings per share for the current fiscal year.

Theratechnologies Company Profile

Theratechnologies Inc, a biopharmaceutical company, focuses on the development and commercialization of various therapies to address the unmet medical needs in the United States, Canada, and Europe. The company offers EGRIFTA SV for the reduction of excess abdominal fat in human immunodeficiency virus (HIV)-infected patients with lipodystrophy; and Trogarzo for the treatment of HIV-1 infection in heavily treatment-experienced adults with multidrug-resistant HIV-1 infection failing their current antiretroviral regimen.