Theratechnologies (NASDAQ:THTX) issued its quarterly earnings results on Tuesday. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.03), Fidelity Earnings reports. Theratechnologies had a negative net margin of 37.10% and a negative return on equity of 112.84%. During the same period in the prior year, the business posted ($0.09) earnings per share.
THTX traded down $0.06 during midday trading on Thursday, hitting $3.51. 510 shares of the company were exchanged, compared to its average volume of 310,056. The firm has a market capitalization of $332.45 million, a P/E ratio of -11.90 and a beta of 1.65. Theratechnologies has a 1-year low of $1.83 and a 1-year high of $4.46. The firm’s 50 day moving average price is $3.61 and its 200-day moving average price is $3.63. The company has a quick ratio of 1.74, a current ratio of 2.41 and a debt-to-equity ratio of 1.52.
THTX has been the topic of several recent analyst reports. Zacks Investment Research upgraded Theratechnologies from a “sell” rating to a “hold” rating in a research note on Wednesday, September 15th. Canaccord Genuity downgraded Theratechnologies from a “buy” rating to a “hold” rating and cut their price objective for the company from $8.00 to $3.00 in a report on Thursday, July 29th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $3.17.
Theratechnologies Company Profile
Theratechnologies, Inc is a pharmaceutical company. It engages in addressing medical needs of patients with Human Immunodeficiency Virus (HIV). The firm offers its product under the brand name of EGRIFTA, which approved therapy for the reduction of excess abdominal fat in HIV-infected patients with lipodystrophy.
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