Cipher Pharmaceuticals (TSE:CPH) Share Price Passes Below 50 Day Moving Average – Here’s Why

Cipher Pharmaceuticals Inc. (TSE:CPH) (NASDAQ:CPHR) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$13.36 and traded as low as C$10.62. Cipher Pharmaceuticals shares last traded at C$10.92, with a volume of 43,185 shares changing hands.

Analyst Ratings Changes

Separately, Stifel Nicolaus dropped their price target on Cipher Pharmaceuticals from C$19.00 to C$17.00 in a research report on Monday, November 11th.

Cipher Pharmaceuticals Stock Down 3.3 %

The company has a 50-day simple moving average of C$13.36 and a 200-day simple moving average of C$14.83. The firm has a market cap of C$196.05 million, a PE ratio of 12.06 and a beta of 1.20. The company has a debt-to-equity ratio of 41.22, a current ratio of 2.00 and a quick ratio of 2.67.

About Cipher Pharmaceuticals

Cipher Pharmaceuticals Inc is a specialty pharmaceutical company. Its products include Dermatology Products, Hospital Acute Care Products, and Out-Licensed Products among others. The company’s geographical segments include Canada and the United States.