Cipher Pharmaceuticals (TSE:CPH) Shares Cross Below 50-Day Moving Average – Time to Sell?

Cipher Pharmaceuticals Inc. (TSE:CPH) (NASDAQ:CPHR)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$14.88 and traded as low as C$14.35. Cipher Pharmaceuticals shares last traded at C$14.44, with a volume of 39,207 shares traded.

Cipher Pharmaceuticals Price Performance

The stock’s 50 day moving average price is C$14.88 and its 200-day moving average price is C$14.93. The company has a quick ratio of 2.67, a current ratio of 1.30 and a debt-to-equity ratio of 11.75. The stock has a market capitalization of C$366.34 million, a PE ratio of 21.55 and a beta of 1.33.

Cipher Pharmaceuticals Company Profile

Cipher Pharmaceuticals (TSX: CPH) (OTCQX: CPHRF) is a specialty pharmaceutical company with a robust and diversified portfolio of commercial and early to late-stage products, mainly in dermatology. Cipher acquires products that fulfill unmet medical needs, manages the required clinical development and regulatory approval process, and currently markets those products in Canada, the U.S., and South America.