Business

Stock News in Focus: Theratechnologies Inc. (NASDAQ:THTX)

Theratechnologies Inc. (NASDAQ:THTX)  stock observed trading -66.25% off 52-week high price. On the other end, the stock has been noted 15.31% away from low price over the last 52-weeks. The stock disclosed a move of -14.03% away from 50 day moving average and -37.01% away from 200 day moving average. Moving closer, we can see that shares have been trading -10.93% off 20-day moving average. It has market cap of $185.46M.

On Feb. 25, 2020, Theratechnologies Inc. (NASDAQ:THTX) a commercial-stage biopharmaceutical company, notified its financial results for the year ended November 30, 2019.

Fiscal Year 2019 Financial Highlights

  • Record revenue with net sales of US$63,216,000, up 39.8% from the previous year
  • Trogarzo® sales reach US$27,696,000, up 212% from the previous year
  • EGRIFTA® sales reach US$35,520,000, down 2.2% from the previous year
  • Strong cash position of US$41,244,000

Our last fiscal year was one of many accomplishments. In the last twelve months, we managed to obtain approval for Trogarzo® in Europe, to launch a new formulation of tesamorelin, EGRIFTA SVTM, to list our shares on  NASDAQ, to grow our revenues by 40 percent, to acquire a unique and highly-promising technology platform in oncology, to launch the development program of tesamorelin for the treatment of NASH in HIV and to manage to record a slightly positive EBITDA while investing in Europe and in our developments programs, said Luc Tanguay, President and CEO, Theratechnologies Inc.

We ended the year with a company stronger than ever and with tools to sustain growth through our commercialized products and a promising pipeline, added Mr. Tanguay.

The Canada based company Theratechnologies Inc. moved with change of 2.55% to $2.41 with the total traded volume of 69224 shares in recent session versus to an average volume of 106.64K. The stock was observed in the 5 days activity at -10.41%. The one month performance of stock was -14.23%. THTX’s shares are at -18.31% for the quarter and driving a -65.79% return over the course of the past year and is now at -26.97% since this point in 2018. The average volatility for the week and month was at 10.13% and 5.90% respectively. There are 76.95M shares outstanding and 76.95M shares are floated in market.

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