Cipher Pharmaceuticals (CPH) Trading -0.8% Higher

Cipher Pharmaceuticals Inc (TSE:CPH) (NASDAQ:CPHR) traded up 0.8% during trading on Monday . The stock traded as high as C$4.98 and last traded at C$4.96. 3,336 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 15,710 shares. The stock had previously closed at C$5.00.

Several equities research analysts recently commented on the company. TD Securities lifted their price objective on Cipher Pharmaceuticals from C$5.50 to C$6.50 in a report on Monday, August 14th. Bloom Burton downgraded Cipher Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Monday, August 14th.

In other Cipher Pharmaceuticals news, Director Harold Morton Wolkin acquired 35,000 shares of Cipher Pharmaceuticals stock in a transaction that occurred on Friday, November 10th. The stock was bought at an average cost of C$4.69 per share, for a total transaction of C$164,150.00.

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Cipher Pharmaceuticals Company Profile

Cipher Pharmaceuticals Inc, together with its subsidiaries, operates as a specialty pharmaceutical dermatology company in South America, Canada, and the United States. It offers CIP-ISOTRETINOIN, a formulation of the active ingredient isotretinoin for use in the treatment of severe acne; CIP-FENOFIBRATE, a formulation of the active ingredient fenofibrate used for the treatment of hyperlipidemia, a cholesterol disorder; and CIP-TRAMADOL ER, a formulation of the active ingredient tramadol for the management of moderate to moderately severe pain.

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