Theratechnologies (TSE:TH) Shares Pass Below Fifty Day Moving Average – Here’s Why

Theratechnologies Inc. (TSE:TH)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$3.53 and traded as low as C$3.25. Theratechnologies shares last traded at C$3.28, with a volume of 33,910 shares traded.

Wall Street Analyst Weigh In

Separately, Jones Trading upgraded shares of Theratechnologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 11th.

Theratechnologies Stock Performance

The company has a market capitalization of C$104.65 million, a PE ratio of -37.13, a price-to-earnings-growth ratio of -8.50 and a beta of 1.73. The company has a debt-to-equity ratio of -293.92, a quick ratio of 0.64 and a current ratio of 1.08. The stock’s fifty day simple moving average is C$3.53 and its 200-day simple moving average is C$2.76.

About Theratechnologies

Theratechnologies Inc is a specialty pharmaceutical company that addresses the unmet medical needs of HIV patients. It mainly operates in Canada and the United States. The company has two approved products, EGRIFTA marketed in Canada and the United States, and Trogarzo approved for commercialization in the United States.