Cipher Pharmaceuticals (TSE:CPH) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Cipher Pharmaceuticals Inc. (TSE:CPH) (NASDAQ:CPHR)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$14.19 and traded as low as C$12.93. Cipher Pharmaceuticals shares last traded at C$13.05, with a volume of 33,908 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 Up 0.4 %

The firm has a market cap of C$333.95 million, a PE ratio of 10.44 and a beta of 1.20. The company has a quick ratio of 2.67, a current ratio of 11.18 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average price of C$14.19 and a two-hundred day moving average price of C$14.95.

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.