Cipher Pharmaceuticals Inc. (TSE:CPH – Get Free Report) (NASDAQ:CPHR) shares shot up 24.9% on Monday . The stock traded as high as C$10.95 and last traded at C$10.84. 106,740 shares changed hands during mid-day trading, an increase of 232% from the average session volume of 32,118 shares. The stock had previously closed at C$8.68.
Analysts Set New Price Targets
Separately, Stifel Nicolaus lowered Cipher Pharmaceuticals from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$8.00 to C$9.50 in a report on Monday, May 13th.
Get Our Latest Stock Report on Cipher Pharmaceuticals
Cipher Pharmaceuticals Trading Up 10.4 %
Cipher Pharmaceuticals (TSE:CPH – Get Free Report) (NASDAQ:CPHR) last issued its quarterly earnings results on Thursday, May 9th. The company reported C$0.27 EPS for the quarter, topping the consensus estimate of C$0.14 by C$0.13. The company had revenue of C$7.91 million for the quarter, compared to the consensus estimate of C$7.04 million. Cipher Pharmaceuticals had a return on equity of 29.70% and a net margin of 102.43%. Sell-side analysts expect that Cipher Pharmaceuticals Inc. will post 0.74 earnings per share for the current year.
About Cipher Pharmaceuticals
Cipher Pharmaceuticals Inc operates as a specialty pharmaceutical company in Canada. It offers Epuris (isotretinoin), an oral retinoid indicated for the treatment of severe nodular and/or inflammatory acne, acne conglobate, and recalcitrant acne; Actikerall, a topical solution indicated for the treatment of slightly palpable and/or moderately thick hyperkeratotic actinic keratosis (Grade I/II) of the face, forehead, and balding scalp; Ozanex for the topical treatment of impetigo; Vaniqa, a topical cream for the slowing of the growth of unwanted facial hair in women; Durela, an opioid analgesic for the management of moderate to moderately severe pain in adults; Brinavess for the rapid conversion of onset atrial fibriallation to sinus rhythm in adults; and Aggrastat, a reversible GP IIb/IIIa inhibitor for use in patients with Acute Coronary Syndrome.
See Also
- Five stocks we like better than Cipher Pharmaceuticals
- Why Invest in 5G? How to Invest in 5G Stocks
- Invest Like Congress: 2 ETFs to Add to Your Watchlist
- What is a Stock Market Index and How Do You Use Them?
- AI Boom or Bubble? Strategies for Success in a Volatile Sector
- Comparing and Trading High PE Ratio Stocks
- Oilfield Infrastructure Stock Soars Over 50% on Bold Acquisition
Receive News & Ratings for Cipher Pharmaceuticals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cipher Pharmaceuticals and related companies with MarketBeat.com's FREE daily email newsletter.