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

Cipher Pharmaceuticals Inc. (TSE:CPH) (NASDAQ:CPHR)’s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 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 reduced their price target on shares of Cipher Pharmaceuticals from C$19.00 to C$17.00 in a research report on Monday, November 11th.

Cipher Pharmaceuticals Stock Down 1.2 %

The firm has a market cap of C$224.42 million, a PE ratio of 13.80 and a beta of 1.20. The company has a debt-to-equity ratio of 41.22, a current ratio of 2.00 and a quick ratio of 2.67. The business has a fifty day moving average price of C$13.87 and a two-hundred day moving average price of C$14.97.

About Cipher Pharmaceuticals

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.