Medexus Pharmaceuticals (CVE:MDP) Price Target Lowered to C$2.75 at Canaccord Genuity Group

Medexus Pharmaceuticals (CVE:MDPGet Rating) had its target price trimmed by Canaccord Genuity Group from C$3.50 to C$2.75 in a report issued on Thursday morning, BayStreet.CA reports.

MDP has been the topic of a number of other reports. Raymond James lowered shares of Medexus Pharmaceuticals from an outperform rating to a market perform rating and reduced their price objective for the company from C$4.50 to C$2.00 in a research note on Tuesday. Stifel Nicolaus reduced their price objective on shares of Medexus Pharmaceuticals from C$14.25 to C$11.00 in a research note on Wednesday, August 10th.

Medexus Pharmaceuticals Trading Down 4.9 %

Shares of CVE MDP opened at C$7.75 on Thursday. The company has a debt-to-equity ratio of 1,174.36, a quick ratio of 0.74 and a current ratio of 1.19. Medexus Pharmaceuticals has a 52-week low of C$2.80 and a 52-week high of C$9.75. The firm has a 50 day moving average price of C$7.75 and a two-hundred day moving average price of C$7.75. The stock has a market cap of C$148.54 million and a P/E ratio of -4.28.

About Medexus Pharmaceuticals

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Medexus Pharmaceuticals Inc operates as a specialty pharmaceutical company in Canada and the United States. The company's primary products are Rasuvo and Metoject, a formulation of methotrexate designed to treat rheumatoid arthritis and other auto-immune diseases; IXINITY, an intravenous recombinant factor IX therapeutic for use in patients 12 years of age or older with Hemophilia B; and Rupall, which is indicated for the treatment of seasonal allergic rhinitis, perennial allergic rhinitis, and chronic spontaneous urticaria in patients 2 years of age and older.

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