Cipher Pharmaceuticals (TSE:CPH) Trading Down 13.1% – What’s Next?

Cipher Pharmaceuticals Inc. (TSE:CPHGet Free Report) (NASDAQ:CPHR) traded down 13.1% during mid-day trading on Friday . The stock traded as low as C$12.87 and last traded at C$12.88. 102,451 shares changed hands during trading, an increase of 268% from the average session volume of 27,845 shares. The stock had previously closed at C$14.82.

Cipher Pharmaceuticals Stock Performance

The company has a quick ratio of 2.67, a current ratio of 2.00 and a debt-to-equity ratio of 41.22. The firm has a market capitalization of C$342.31 million, a P/E ratio of 29.30 and a beta of 0.89. The company’s 50 day moving average is C$15.35 and its 200-day moving average is C$13.96.

About Cipher Pharmaceuticals

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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.

Further Reading

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