Medicure (CVE:MPH) Stock Passes Below 200 Day Moving Average – What’s Next?

Medicure Inc. (CVE:MPHGet Free Report)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$1.15 and traded as low as C$1.04. Medicure shares last traded at C$1.04, with a volume of 1,000 shares.

Medicure Trading Down 1.9%

The company has a quick ratio of 1.28, a current ratio of 1.04 and a debt-to-equity ratio of 6.34. The company has a market cap of C$10.85 million, a P/E ratio of -1.60 and a beta of 0.49. The firm’s 50 day moving average is C$1.16 and its two-hundred day moving average is C$1.15.

About Medicure

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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. It also offers ZYPITAMAG to treat patients with primary hyperlipidemia or mixed dyslipidemia. In addition, the company is developing Sodium Nitroprusside injection, and Generic ANDA 2 and 3 for acute cardiology; and TARDOCAL, to treat neurological indications.

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