Nuvo Pharmaceuticals Inc (TSE:NRI) shares hit a new 52-week low during trading on Tuesday . The company traded as low as C$1.10 and last traded at C$1.10, with a volume of 31693 shares trading hands. The stock had previously closed at C$1.20.

Separately, Bloom Burton reaffirmed a “buy” rating on shares of Nuvo Pharmaceuticals in a research report on Monday, April 1st.

The stock has a market cap of $12.50 million and a P/E ratio of -1.74. The company has a current ratio of 2.08, a quick ratio of 1.53 and a debt-to-equity ratio of 629.34.

Nuvo Pharmaceuticals (TSE:NRI) last announced its quarterly earnings data on Friday, March 29th. The specialty pharmaceutical company reported C($0.37) EPS for the quarter. The company had revenue of C$4.61 million for the quarter, compared to analysts’ expectations of C$4.50 million. As a group, sell-side analysts predict that Nuvo Pharmaceuticals Inc will post -1.34000001206 EPS for the current fiscal year.

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About Nuvo Pharmaceuticals (TSE:NRI)

Nuvo Pharmaceuticals Inc, a commercial healthcare company, produces and sells pharmaceutical products in the United States, Canada, and Europe. It offers Pennsaid, a topical pain product that is used to treat the signs and symptoms of osteoarthritis of the knee; Pennsaid 2%, a follow-on product to Pennsaid for the treatment of the pain of osteoarthritis of the knee; Heated Lidocaine/Tetracaine (HLT) Patch, a topical patch that provides local analgesia prior to painful needle procedures, such as dialysis, blood draws, and pediatric needles; and Resultz, an over-the-counter product intended to kill head lice and remove their eggs from hair.

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