Knight Therapeutics (TSE:GUD) Trading Up 2% – What’s Next?

Knight Therapeutics Inc. (TSE:GUD) shares rose 2% on Monday . The stock traded as high as C$9.70 and last traded at C$9.66. Approximately 55,797 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 96,049 shares. The stock had previously closed at C$9.47.

Analyst Ratings Changes

Separately, Canaccord Genuity Group set a C$9.50 target price on Knight Therapeutics and gave the stock a “buy” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$9.50.

Knight Therapeutics Stock Up 2.0%

The company has a debt-to-equity ratio of 4.29, a current ratio of 2.28 and a quick ratio of 1.79. The business has a 50 day moving average price of C$9.68 and a 200 day moving average price of C$8.29. The firm has a market capitalization of C$948.92 million, a P/E ratio of 64.40, a price-to-earnings-growth ratio of -1,013.50 and a beta of -0.19.

Knight Therapeutics (TSE:GUD) last posted its quarterly earnings data on Thursday, August 6th. The company reported C($0.03) earnings per share for the quarter. Knight Therapeutics had a return on equity of 1.91% and a net margin of 2.72%.The business had revenue of C$143.97 million for the quarter. On average, analysts predict that Knight Therapeutics Inc. will post 0.1009486 earnings per share for the current year.

Knight Therapeutics Company Profile

Knight Therapeutics Inc, headquartered in Montreal, Canada, is a pharmaceutical company focused on acquiring or in-licensing and commercializing pharmaceutical products for Canada and Latin America. Knight’s Latin American subsidiaries operate under United Medical, Biotoscana Farma and Laboratorio LKM. Knight Therapeutics Inc’s shares trade on the TSX under the symbol GUD. For more information about Knight Therapeutics Inc, please visit the company’s web site at www.knighttx.com or www.sedarplus.ca.