Medicure (OTCMKTS:MCUJF) Stock Passes Above 50 Day Moving Average – What’s Next?

Medicure Inc. (OTCMKTS:MCUJF) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.83 and traded as high as $0.8855. Medicure shares last traded at $0.8855, with a volume of 3,270 shares.

Medicure Stock Up 10.7%

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.00 and a current ratio of 1.44. The stock’s 50-day moving average price is $0.83 and its two-hundred day moving average price is $0.83. The stock has a market capitalization of $9.24 million, a PE ratio of -3.69 and a beta of 1.10.

Medicure (OTCMKTS:MCUJF) last posted its quarterly earnings data on Wednesday, November 19th. The company reported ($0.09) EPS for the quarter. The business had revenue of $5.93 million for the quarter. Medicure had a negative return on equity of 17.91% and a negative net margin of 13.10%.

About Medicure

Medicure Pharmaceutical Corp. is a specialty pharmaceutical company focused on the development, manufacturing and commercialization of therapies in the cardiovascular and critical‐care markets. The company advances its business through a combination of in-licensing, acquisitions and strategic partnerships designed to build a diversified portfolio of prescription products that address unmet medical needs.

Headquartered in Montreal, Canada, Medicure operates in North America and selectively in Europe through licensing agreements with regional distributors.