Medicure (OTCMKTS:MCUJF) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Medicure Inc. (OTCMKTS:MCUJF)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $0.73 and traded as low as $0.63. Medicure shares last traded at $0.63, with a volume of 800 shares.

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 capitalization of $6.57 million, a PE ratio of -3.50 and a beta of 0.98. The firm’s 50-day simple moving average is $0.73 and its two-hundred day simple moving average is $0.76.

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

Medicure Company Profile

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.