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

Cipher Pharmaceuticals Inc. (TSE:CPH) (NASDAQ:CPHR) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$14.60 and traded as high as C$14.82. Cipher Pharmaceuticals shares last traded at C$14.74, with a volume of 6,877 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CPH. Stifel Nicolaus reduced their price target on shares of Cipher Pharmaceuticals from C$19.00 to C$17.00 in a report on Monday, November 11th. Leede Financial downgraded shares of Cipher Pharmaceuticals from a “strong-buy” rating to a “hold” rating in a report on Friday, September 13th.

Cipher Pharmaceuticals Stock Performance

The business’s fifty day moving average price is C$14.59 and its two-hundred day moving average price is C$14.03. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.67 and a current ratio of 11.18. The stock has a market capitalization of C$365.43 million, a P/E ratio of 11.42 and a beta of 1.20.

Cipher Pharmaceuticals (TSE:CPH) (NASDAQ:CPHR) last posted its earnings results on Thursday, November 7th. The company reported C$0.01 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.02). Cipher Pharmaceuticals had a return on equity of 28.43% and a net margin of 102.01%. The business had revenue of C$14.15 million during the quarter, compared to the consensus estimate of C$13.37 million. As a group, sell-side analysts forecast that Cipher Pharmaceuticals Inc. will post 1.2907348 earnings per share for the current year.

Cipher Pharmaceuticals Company Profile

Cipher Pharmaceuticals Inc operates as a specialty pharmaceutical company in Canada. It offers Epuris (isotretinoin), an oral retinoid indicated for the treatment of severe nodular and/or inflammatory acne, acne conglobate, and recalcitrant acne; Actikerall, a topical solution indicated for the treatment of slightly palpable and/or moderately thick hyperkeratotic actinic keratosis (Grade I/II) of the face, forehead, and balding scalp; Ozanex for the topical treatment of impetigo; Vaniqa, a topical cream for the slowing of the growth of unwanted facial hair in women; Durela, an opioid analgesic for the management of moderate to moderately severe pain in adults; Brinavess for the rapid conversion of onset atrial fibriallation to sinus rhythm in adults; and Aggrastat, a reversible GP IIb/IIIa inhibitor for use in patients with Acute Coronary Syndrome.