Medicure (OTCMKTS:MCUJF) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Medicure Inc. (OTCMKTS:MCUJF)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.68 and traded as low as $0.52. Medicure shares last traded at $0.54, with a volume of 17,650 shares.

Medicure Price Performance

The firm has a 50-day simple moving average of $0.62 and a 200-day simple moving average of $0.68. The firm has a market cap of $5.66 million, a P/E ratio of -3.87 and a beta of 1.00. The company has a current ratio of 2.03, a quick ratio of 1.64 and a debt-to-equity ratio of 0.03.

Medicure (OTCMKTS:MCUJF) last issued its quarterly earnings data on Monday, November 25th. The company reported $0.05 earnings per share for the quarter. Medicure had a negative return on equity of 10.12% and a negative net margin of 9.62%.

About Medicure

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.