Cipher Pharmaceuticals (TSE:CPH) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

Cipher Pharmaceuticals Inc. (TSE:CPH) (NASDAQ:CPHR)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$13.90 and traded as low as C$12.65. Cipher Pharmaceuticals shares last traded at C$12.65, with a volume of 18,572 shares traded.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus decreased their price objective on shares of Cipher Pharmaceuticals from C$19.00 to C$17.00 in a report on Monday, November 11th.

Cipher Pharmaceuticals Price Performance

The company has a 50 day moving average of C$13.90 and a 200 day moving average of C$14.97. 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$227.11 million, a price-to-earnings ratio of 13.97 and a beta of 1.20.

Cipher Pharmaceuticals Company Profile

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.