Cipher Pharmaceuticals (TSE:CPH) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

Shares of Cipher Pharmaceuticals Inc. (TSE:CPH) (NASDAQ:CPHR) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$13.90 and traded as low as C$12.65. Cipher Pharmaceuticals shares last traded at C$12.65, with a volume of 18,572 shares traded.

Analyst Ratings Changes

Separately, Stifel Nicolaus cut their price objective on shares of Cipher Pharmaceuticals from C$19.00 to C$17.00 in a research report on Monday, November 11th.

Cipher Pharmaceuticals Stock Performance

The stock has a fifty day moving average of C$13.90 and a 200-day moving average of C$14.97. The firm has a market capitalization of C$227.11 million, a P/E ratio of 13.97 and a beta of 1.20. The company has a quick ratio of 2.67, a current ratio of 2.00 and a debt-to-equity ratio of 41.22.

Cipher Pharmaceuticals Company Profile

Cipher Pharmaceuticals Inc is a specialty pharmaceutical company. Its products include Dermatology Products, Hospital Acute Care Products, and Out-Licensed Products among others. The company’s geographical segments include Canada and the United States.