Oncolytics Biotech (TSE:ONC) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Oncolytics Biotech Inc. (TSE:ONCGet Free Report)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$1.40 and traded as high as C$1.40. Oncolytics Biotech shares last traded at C$1.40, with a volume of 181,909 shares trading hands.

Analyst Ratings Changes

Separately, Raymond James upgraded shares of Oncolytics Biotech to a “moderate buy” rating in a report on Thursday, November 14th.

Get Our Latest Stock Analysis on Oncolytics Biotech

Oncolytics Biotech Stock Performance

The company has a market cap of C$107.60 million, a PE ratio of -3.68 and a beta of 1.35. The business has a fifty day moving average of C$1.38 and a 200-day moving average of C$1.40. The company has a current ratio of 4.99, a quick ratio of 8.86 and a debt-to-equity ratio of 6.09.

About Oncolytics Biotech

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Oncolytics Biotech Inc, a clinical-stage biopharmaceutical company, focuses on the discovery and development of pharmaceutical products for the treatment of cancer. The company is developing pelareorep, an intravenously delivered immunotherapeutic agent, which is in phase 3 clinical trial for the treatment of hormone receptor-positive / human epidermal growth factor 2-negative metastatic breast cancer and advanced/metastatic pancreatic ductal adenocarcinoma.

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