Insider Selling: Knight Therapeutics Inc. (TSE:GUD) Insider Sells 550,000 Shares of Stock

Knight Therapeutics Inc. (TSE:GUD) insider Sime Armoyan sold 550,000 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of C$6.20, for a total transaction of C$3,410,000.00.

Sime Armoyan also recently made the following trade(s):

• On Monday, March 17th, Sime Armoyan sold 92,200 shares of Knight Therapeutics stock. The shares were sold at an average price of C$6.15, for a total transaction of C$567,030.00.
• On Thursday, March 13th, Sime Armoyan sold 1,100 shares of Knight Therapeutics stock. The shares were sold at an average price of C$6.10, for a total transaction of C$6,710.00.
• On Tuesday, March 4th, Sime Armoyan acquired 17,600 shares of Knight Therapeutics stock. The stock was purchased at an average cost of C$5.48 per share, with a total value of C$96,488.48.

Knight Therapeutics Trading Up 2.2 %

GUD stock traded up C$0.14 during mid-day trading on Thursday, hitting C$6.39. 126,443 shares of the company were exchanged, compared to its average volume of 67,356. The company has a quick ratio of 1.79, a current ratio of 3.36 and a debt-to-equity ratio of 7.52. The firm has a market capitalization of C$646.35 million, a P/E ratio of -21.33, a PEG ratio of -1,013.50 and a beta of 0.50. The business has a fifty day simple moving average of C$5.65 and a 200-day simple moving average of C$5.57. Knight Therapeutics Inc. has a 12-month low of C$5.09 and a 12-month high of C$6.43.

Wall Street Analysts Forecast Growth

Separately, Research Capitl raised shares of Knight Therapeutics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. Two investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and a consensus price target of C$7.08.

Knight Therapeutics Company Profile

Knight Therapeutics Inc develops, manufactures, acquires, in-licenses, out-licenses, markets, and distributes pharmaceutical and consumer health products, and medical devices worldwide. It offers Tafasitamab for relapsed or refractory diffuse large B-cell lymphoma; Pemigatinib for metastatic cholangiocarcinoma; Akynzeo for prevention of chemotherapy-induced acute and delayed nausea and vomiting; Aloxi for prevention of acute nausea and vomiting associated with emetogenic cancer chemotherapy; Fostamatinib for chronic immune thrombocytopenia; Nerlynx for extended adjuvant breast cancer and metastatic breast cancer; Trelstar for advanced prostate cancer; Vidaza for myelodysplastic syndrome; Abraxane for metastatic pancreatic cancer; Halaven for metastatic breast cancer and soft tissue sarcoma; and Lenvima for advanced renal cell cancer and for differentiated thyroid cancer and unresectable hepatocellular carcinoma.