Cipher Pharmaceuticals (TSE:CPH) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Cipher Pharmaceuticals Inc. (TSE:CPH) (NASDAQ:CPHR)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$12.70 and traded as high as C$13.17. Cipher Pharmaceuticals shares last traded at C$12.65, with a volume of 11,651 shares.

Cipher Pharmaceuticals Stock Down 3.3 %

The company has a current ratio of 2.00, a quick ratio of 2.67 and a debt-to-equity ratio of 41.22. The firm has a market cap of C$219.39 million, a price-to-earnings ratio of 13.50 and a beta of 1.20. The firm’s 50 day simple moving average is C$12.64 and its two-hundred day simple moving average is C$14.15.

Insider Activity

In related news, Director Harold Morton Wolkin sold 3,500 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of C$13.49, for a total value of C$47,215.00. 42.00% of the stock is owned by company insiders.

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.