Medicure (CVE:MPH) Shares Cross Below 200-Day Moving Average – Should You Sell?

Medicure Inc. (CVE:MPHGet Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.87 and traded as low as C$0.68. Medicure shares last traded at C$0.68, with a volume of 4,500 shares traded.

Medicure Stock Down 13.9 %

The business’s 50 day simple moving average is C$0.79 and its 200-day simple moving average is C$0.87. The company has a debt-to-equity ratio of 4.65, a quick ratio of 1.29 and a current ratio of 2.03. The company has a market cap of C$7.10 million, a price-to-earnings ratio of -3.49 and a beta of 0.90.

Medicure Company Profile

(Get Free Report)

Medicure Inc, a biopharmaceutical company, engages in the research, development, and commercialization of human therapies in the United States. The company markets and distributes AGGRASTAT injection, a glycoprotein GP IIb/IIIa receptor antagonist for the treatment of acute coronary syndrome, including unstable angina and non-Q-wave myocardial infarction.

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