BELLUS Health (TSE:BLU) Stock Price Crosses Above Fifty Day Moving Average of $6.20

Shares of BELLUS Health Inc (TSE:BLU) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $6.20 and traded as high as $9.57. BELLUS Health shares last traded at $9.57, with a volume of 15,959 shares trading hands.

Separately, Bloom Burton reaffirmed a “buy” rating on shares of BELLUS Health in a report on Thursday, August 1st.

The firm’s fifty day moving average price is C$6.33 and its 200 day moving average price is C$2.94. The firm has a market capitalization of $422.05 million and a PE ratio of -20.64. The company has a current ratio of 6.11, a quick ratio of 6.04 and a debt-to-equity ratio of 0.56.

In other BELLUS Health news, Director Franklin Milan Berger acquired 50,000 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were acquired at an average cost of C$2.70 per share, with a total value of C$134,925.00. Following the acquisition, the director now directly owns 1,502,108 shares of the company’s stock, valued at C$4,053,438.44.

BELLUS Health Company Profile (TSE:BLU)

BELLUS Health Inc, a clinical-stage biopharmaceutical company, develops novel therapeutics for conditions with high unmet medical need. Its lead drug candidate includes BLU-5937, a small molecule antagonist of the P2X3 receptor for chronic cough. The company also has economic interests in various partnered development stage programs, including KIACTA for the treatment of sarcoidosis; AMO-01 for treatment of Phelan McDermid syndrome; and ALZ-801 for APOE4 homozygous Alzheimer's disease.

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