Theratechnologies (TSE:TH) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Theratechnologies Inc. (TSE:TH)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$1.72 and traded as high as C$1.77. Theratechnologies shares last traded at C$1.73, with a volume of 12,580 shares changing hands.

Theratechnologies Stock Performance

The company has a quick ratio of 0.64, a current ratio of 1.10 and a debt-to-equity ratio of 562.07. The company has a market capitalization of C$79.55 million, a PE ratio of -9.61, a PEG ratio of -8.50 and a beta of 1.73. The stock’s fifty day simple moving average is C$1.72 and its 200-day simple moving average is C$1.79.

Theratechnologies (TSE:TH) last issued its quarterly earnings data on Thursday, October 10th. The company reported C$0.09 earnings per share for the quarter. Theratechnologies had a negative net margin of 8.47% and a negative return on equity of 1,116.86%. The business had revenue of C$30.96 million during the quarter. On average, research analysts predict that Theratechnologies Inc. will post 0.0298643 earnings per share for the current fiscal year.

About Theratechnologies

Theratechnologies Inc, a biopharmaceutical company, focuses on the development and commercialization of various therapies to address the unmet medical needs in the United States, Canada, and Europe. The company offers EGRIFTA SV for the reduction of excess abdominal fat in human immunodeficiency virus (HIV)-infected patients with lipodystrophy; and Trogarzo for the treatment of HIV-1 infection in heavily treatment-experienced adults with multidrug-resistant HIV-1 infection failing their current antiretroviral regimen.