Oncolytics Biotech (TSE:ONC) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Oncolytics Biotech Inc. (TSE:ONCGet Free Report)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.90 and traded as low as C$14.90. Oncolytics Biotech shares last traded at C$14.90, with a volume of 280 shares changing hands.

Oncolytics Biotech Trading Down 1.3%

The company has a debt-to-equity ratio of 14.58, a quick ratio of 8.86 and a current ratio of 2.88. The firm has a market capitalization of C$1.50 billion, a PE ratio of -40.27 and a beta of 0.80. The stock’s 50-day simple moving average is C$14.90 and its 200-day simple moving average is C$14.90.

Oncolytics Biotech Company Profile

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Oncolytics Biotech Inc, a clinical-stage biopharmaceutical company, focuses on the discovery and development of pharmaceutical products for the treatment of cancer. The company is developing pelareorep, an intravenously delivered immunotherapeutic agent, which is in phase 3 clinical trial for the treatment of hormone receptor-positive / human epidermal growth factor 2-negative metastatic breast cancer and advanced/metastatic pancreatic ductal adenocarcinoma. It has a co-development agreement with Merck KGaA and Pfizer Inc to co-develop pelareorep, as well as with Roche Holding AG.

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