Theratechnologies (TSE:TH) Stock Crosses Below 50 Day Moving Average – Should You Sell?

Shares of Theratechnologies Inc. (TSE:TH) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$4.50 and traded as low as C$4.36. Theratechnologies shares last traded at C$4.47, with a volume of 35,472 shares traded.

Analyst Ratings Changes

Separately, Jones Trading lowered Theratechnologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 3rd. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy”.

Theratechnologies Price Performance

The firm has a market cap of C$205.53 million, a P/E ratio of -23.53, a price-to-earnings-growth ratio of -8.50 and a beta of 0.26. The company has a current ratio of 1.08, a quick ratio of 0.64 and a debt-to-equity ratio of -293.92. The business has a 50-day moving average of C$4.50 and a two-hundred day moving average of C$3.94.

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.