Theratechnologies (TSE:TH) Stock Passes Below Fifty Day Moving Average – What’s Next?

Theratechnologies Inc. (TSE:TH)’s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 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 changing hands.

Analysts Set New Price Targets

Separately, Jones Trading downgraded Theratechnologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 3rd. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Theratechnologies Price Performance

The business has a 50-day moving average price of C$4.50 and a 200 day moving average price of C$4.06. The company has a market cap of C$205.53 million, a price-to-earnings ratio of -23.53, a P/E/G 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.

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.