BioSyent (CVE:RX) Reaches New 12-Month High – Here’s Why

BioSyent Inc. (CVE:RX)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as C$13.40 and last traded at C$13.40, with a volume of 2422 shares trading hands. The stock had previously closed at C$13.30.

Wall Street Analysts Forecast Growth

Separately, Bloom Burton raised BioSyent from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock currently has an average rating of “Strong Buy”.

BioSyent Trading Down 0.4%

The company has a quick ratio of 6.91, a current ratio of 3.92 and a debt-to-equity ratio of 2.90. The company has a market cap of C$149.22 million, a price-to-earnings ratio of 17.71 and a beta of 0.55. The firm has a 50 day moving average price of C$12.21 and a two-hundred day moving average price of C$11.76.

BioSyent Company Profile

BioSyent Inc, together with its subsidiaries, acquires or licenses, develops, and sells pharmaceutical and other healthcare products in Canada and internationally. Its products include FeraMAX Pd Therapeutic 150 for the treatment of iron deficiency anemia; FeraMAX Pd Maintenance 45, a chewable supplement for the prevention of iron deficiency anemia; and FeraMAX Pd Powder 15, a powder form product used for preventing iron deficiency and iron deficiency anemia. It offers Tibella, a hormone replacement therapy consisting of tibolone; Inofolic, a natural health product to address polycystic ovarian syndrome symptoms; RepaGyn, a vaginal suppository for the healing of the vaginal mucosa, as well as for the treatment of vaginal dryness caused by aging, menopause, stress, and chemotherapy; and Gelclair, a gel formulated to aid the pain or oral mucositis.