Medicure (OTCMKTS:MCUJF) Stock Passes Below 200-Day Moving Average – What’s Next?

Medicure Inc. (OTCMKTS:MCUJFGet Free Report)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.77 and traded as low as $0.63. Medicure shares last traded at $0.63, with a volume of 4,000 shares changing hands.

Medicure Stock Performance

The company has a current ratio of 1.87, a quick ratio of 1.42 and a debt-to-equity ratio of 0.01. The stock has a market cap of $6.61 million, a PE ratio of -7.92 and a beta of 0.98. The business’s 50-day moving average price is $0.74 and its 200-day moving average price is $0.77.

Medicure (OTCMKTS:MCUJFGet Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.09) earnings per share (EPS) for the quarter. The business had revenue of $3.78 million for the quarter. Medicure had a negative return on equity of 12.72% and a negative net margin of 12.46%.

About Medicure

(Get Free Report)

Medicure Inc, a biopharmaceutical company, engages in the research, development, and commercialization of human therapies for the cardiovascular market. 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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