Theratechnologies (TSE:TH) Shares Pass Below Fifty Day Moving Average – Here’s Why

Theratechnologies Inc. (TSE:TH) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$3.53 and traded as low as C$3.25. Theratechnologies shares last traded at C$3.28, with a volume of 33,910 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Jones Trading raised shares of Theratechnologies from a “hold” rating to a “strong-buy” rating in a report on Friday, April 11th.

Theratechnologies Trading Down 3.5%

The stock has a market cap of C$104.65 million, a PE ratio of -37.13, a P/E/G ratio of -8.50 and a beta of 1.73. The business’s fifty day moving average is C$3.53 and its 200 day moving average is C$2.76. The company has a quick ratio of 0.64, a current ratio of 1.08 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.