Theratechnologies (TSE:TH) Share Price Passes Above 50 Day Moving Average – Here’s Why

Theratechnologies Inc. (TSE:TH) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$1.72 and traded as high as C$1.77. Theratechnologies shares last traded at C$1.73, with a volume of 12,580 shares changing hands.

Theratechnologies Price Performance

The company has a debt-to-equity ratio of 562.07, a current ratio of 1.10 and a quick ratio of 0.64. The stock has a market capitalization of C$76.79 million, a price-to-earnings ratio of -9.33, a price-to-earnings-growth ratio of -8.50 and a beta of 1.73. The stock has a 50 day moving average price of C$1.72 and a 200-day moving average price of C$1.79.

Theratechnologies (TSE:TH) last released its earnings results on Thursday, October 10th. The company reported C$0.09 earnings per share (EPS) for the quarter. The business had revenue of C$30.96 million during the quarter. Theratechnologies had a negative net margin of 8.47% and a negative return on equity of 1,116.86%. On average, analysts forecast that Theratechnologies Inc. will post 0.0298643 earnings per share for the current year.

About Theratechnologies

Theratechnologies Inc, a biopharmaceutical company, focuses on the development and commercialization of various therapies to address the unmet medical needs in the United States, Canada, and Europe. The company offers EGRIFTA SV for the reduction of excess abdominal fat in human immunodeficiency virus (HIV)-infected patients with lipodystrophy; and Trogarzo for the treatment of HIV-1 infection in heavily treatment-experienced adults with multidrug-resistant HIV-1 infection failing their current antiretroviral regimen.