Knight Therapeutics (TSE:GUD) Reaches New 12-Month High – Here’s Why

Knight Therapeutics Inc. (TSE:GUDGet Free Report) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as C$6.25 and last traded at C$6.18, with a volume of 43828 shares traded. The stock had previously closed at C$6.17.

Wall Street Analyst Weigh In

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

Get Our Latest Analysis on GUD

Knight Therapeutics Stock Up 0.6 %

The company has a 50-day simple moving average of C$5.61 and a 200-day simple moving average of C$5.56. The firm has a market cap of C$628.14 million, a PE ratio of -20.73, a price-to-earnings-growth ratio of -1,013.50 and a beta of 0.50. The company has a debt-to-equity ratio of 7.52, a current ratio of 3.36 and a quick ratio of 1.79.

Insider Activity at Knight Therapeutics

In other news, insider Sime Armoyan purchased 17,600 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price of C$5.48 per share, for a total transaction of C$96,488.48. 45.62% of the stock is owned by company insiders.

About Knight Therapeutics

(Get Free Report)

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.

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