Cipher Pharmaceuticals (TSE:CPH) Receives “Hold” Rating from Bloom Burton

Bloom Burton reaffirmed their hold rating on shares of Cipher Pharmaceuticals (TSE:CPH) (NASDAQ:CPHR) in a report issued on Monday, Zacks.com reports.

Shares of Cipher Pharmaceuticals stock opened at C$1.21 on Monday. The stock has a fifty day simple moving average of C$1.23 and a 200 day simple moving average of C$1.43. Cipher Pharmaceuticals has a 12-month low of C$1.11 and a 12-month high of C$3.66. The company has a market capitalization of $33.10 million and a P/E ratio of 18.06. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 62.34.

About Cipher Pharmaceuticals

Cipher Pharmaceuticals Inc operates as a specialty pharmaceutical company in Canada. The company offers EPURIS (CIP-ISOTRETINOIN), a formulation of the active ingredient isotretinoin for use in the treatment of severe acne; LIPOFEN (CIP-FENOFIBRATE), a formulation of the active ingredient fenofibrate used for the treatment of hyperlipidemia, a cholesterol disorder; CONZIP/DURELA (CIP-TRAMADOL ER), a formulation of the active ingredient tramadol for the management of moderate to moderately severe pain; and Absorica, an oral retinoid indicated for the treatment of severe recalcitrant nodular acne in patients.

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