Theratechnologies (TSE:TH) Shares Pass Above 50 Day Moving Average – Here’s Why

Shares of Theratechnologies Inc. (TSE:TH) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$4.47 and traded as high as C$4.53. Theratechnologies shares last traded at C$4.47, with a volume of 35,472 shares changing hands.

Theratechnologies Stock Down 4.9%

The company has a debt-to-equity ratio of -156.22, a quick ratio of 0.64 and a current ratio of 0.84. The company has a market cap of C$205.53 million, a P/E ratio of -23.53, a price-to-earnings-growth ratio of -8.50 and a beta of 0.26. The firm’s 50 day moving average price is C$4.47 and its two-hundred day moving average price is C$4.48.

About Theratechnologies

Theratechnologies Inc is a specialty pharmaceutical company that addresses the unmet medical needs of HIV patients. It mainly operates in Canada and the United States. The company has two approved products, EGRIFTA marketed in Canada and the United States, and Trogarzo approved for commercialization in the United States.