Oncolytics Biotech (TSE:ONC) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Oncolytics Biotech Inc. (TSE:ONC – Get Free Report) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$14.90 and traded as low as C$14.90. Oncolytics Biotech shares last traded at C$14.90, with a volume of 280 shares.

Oncolytics Biotech Stock Down 1.3%

The stock has a market cap of C$1.50 billion, a price-to-earnings ratio of -40.27 and a beta of 0.80. The firm’s fifty day moving average price is C$14.90 and its two-hundred day moving average price is C$14.90. The company has a debt-to-equity ratio of 17.78, a current ratio of 2.82 and a quick ratio of 8.86.

Oncolytics Biotech Company Profile

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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. It has a co-development agreement with Merck KGaA and Pfizer Inc to co-develop pelareorep, as well as with Roche Holding AG.

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