Oncolytics Biotech (TSE:ONC) Stock Crosses Above Two Hundred Day Moving Average of $1.88

Shares of Oncolytics Biotech Inc. (TSE:ONC – Get Rating) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.88 and traded as high as C$2.57. Oncolytics Biotech shares last traded at C$2.53, with a volume of 42,640 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Maxim Group reissued a “buy” rating and issued a C$3.00 price objective on shares of Oncolytics Biotech in a report on Thursday, October 6th.

Oncolytics Biotech Trading Up 1.6 %

The company has a quick ratio of 8.86, a current ratio of 10.42 and a debt-to-equity ratio of 1.62. The company has a fifty day moving average of C$2.27 and a two-hundred day moving average of C$1.88. The stock has a market capitalization of C$149.34 million and a price-to-earnings ratio of -5.25.

Oncolytics Biotech (TSE:ONC – Get Rating) last issued its quarterly earnings results on Monday, November 7th. The company reported C($0.08) earnings per share for the quarter, topping the consensus estimate of C($0.12) by C$0.04. On average, research analysts expect that Oncolytics Biotech Inc. will post -0.41 EPS for the current year.

Oncolytics Biotech Company Profile

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Oncolytics Biotech Inc, a development-stage biopharmaceutical company, focuses on the discovery and development of pharmaceutical products for the treatment of cancer. Its lead product is pelareorep, an intravenously delivered immunotherapeutic agent for the treatment of solid tumors and hematological malignancies.