Medicure (OTCMKTS:MCUJF) Share Price Passes Above 200-Day Moving Average – Here’s Why

Medicure Inc. (OTCMKTS:MCUJF)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.81 and traded as high as $0.9132. Medicure shares last traded at $0.85, with a volume of 10,000 shares changing hands.

Medicure Price Performance

The stock has a market cap of $8.87 million, a PE ratio of -1.81 and a beta of 0.99. The business has a fifty day simple moving average of $0.76 and a two-hundred day simple moving average of $0.81. The company has a current ratio of 1.04, a quick ratio of 0.73 and a debt-to-equity ratio of 0.03.

Medicure (OTCMKTS:MCUJF) last released its earnings results on Thursday, May 21st. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. Medicure had a negative return on equity of 44.34% and a negative net margin of 21.65%.The company had revenue of $5.79 million during the quarter, compared to analysts’ expectations of $3.63 million.

Medicure Company Profile

Medicure Pharmaceutical Corp. is a specialty pharmaceutical company focused on the development, manufacturing and commercialization of therapies in the cardiovascular and critical‐care markets. The company advances its business through a combination of in-licensing, acquisitions and strategic partnerships designed to build a diversified portfolio of prescription products that address unmet medical needs.

Headquartered in Montreal, Canada, Medicure operates in North America and selectively in Europe through licensing agreements with regional distributors.