Theratechnologies (TSE:TH) Stock Passes Above 50-Day Moving Average of $2.91

Theratechnologies Inc (TSE:TH)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $2.91 and traded as high as $3.34. Theratechnologies shares last traded at $3.24, with a volume of 54,265 shares trading hands.

Separately, National Bank Financial reissued a “sector perform market weight” rating on shares of Theratechnologies in a research note on Wednesday, July 15th.

The stock has a market capitalization of $249.52 million and a price-to-earnings ratio of -13.50. The business’s fifty day moving average price is C$2.91 and its 200-day moving average price is C$3.09. The company has a debt-to-equity ratio of 353.56, a current ratio of 1.92 and a quick ratio of 1.17.

About Theratechnologies (TSE:TH)

Theratechnologies Inc, a specialty pharmaceutical company, addresses unmet medical needs to promote healthy living and improve quality of life among HIV patients. It offers EGRIFTA, for the reduction of excess abdominal fat in HIV-infected patients with lipodystrophy in Canada and the United States; and Trogarz, an injection refers to ibalizumab for the treatment of multidrug resistant HIV-1 infected patients in the United States.

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