Medicure (OTCMKTS:MCUJF) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Medicure Inc. (OTCMKTS:MCUJF)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.82 and traded as low as $0.8140. Medicure shares last traded at $0.8140, with a volume of 16,200 shares.

Medicure Stock Down 9.6%

The stock has a market cap of $8.50 million, a price-to-earnings ratio of -3.39 and a beta of 1.08. The firm’s fifty day moving average price is $0.86 and its two-hundred day moving average price is $0.82. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.44 and a quick ratio of 1.00.

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.