Medicure (OTCMKTS:MCUJF) Shares Pass Below 200 Day Moving Average – Time to Sell?

Medicure Inc. (OTCMKTS:MCUJF)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.83 and traded as low as $0.79. Medicure shares last traded at $0.79, with a volume of 0 shares trading hands.

Medicure Stock Down 0.4%

The firm’s 50 day moving average price is $0.85 and its two-hundred day moving average price is $0.83. The company has a current ratio of 1.44, a quick ratio of 1.00 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $8.25 million, a P/E ratio of -3.29 and a beta of 1.06.

Medicure (OTCMKTS:MCUJF) last issued its quarterly earnings results on Wednesday, November 19th. The company reported ($0.09) earnings per share (EPS) for the quarter. The business had revenue of $5.93 million during the quarter. Medicure had a negative net margin of 13.10% and a negative return on equity of 17.91%.

About Medicure

Medicure Pharmaceutical Corp. is a specialty pharmaceutical company focused on the development, manufacturing and commercialization of therapies in the cardiovascular and critical‐care markets. The company advances its business through a combination of in-licensing, acquisitions and strategic partnerships designed to build a diversified portfolio of prescription products that address unmet medical needs.

Headquartered in Montreal, Canada, Medicure operates in North America and selectively in Europe through licensing agreements with regional distributors.