Knight Therapeutics (TSE:GUD) Stock Price Up 0.6% – Should You Buy?

Knight Therapeutics Inc. (TSE:GUD) shares shot up 0.6% during trading on Friday . The company traded as high as C$5.41 and last traded at C$5.37. 22,259 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 37,893 shares. The stock had previously closed at C$5.34.

Analyst Upgrades and Downgrades

Separately, Raymond James upgraded Knight Therapeutics to a “moderate buy” rating in a report on Friday, November 15th.

Knight Therapeutics Stock Performance

The stock has a market cap of C$543.50 million, a P/E ratio of -26.85, a price-to-earnings-growth ratio of -1,013.50 and a beta of 0.50. The company has a debt-to-equity ratio of 7.62, a current ratio of 3.41 and a quick ratio of 1.79. The stock’s 50 day simple moving average is C$5.33 and its two-hundred day simple moving average is C$5.58.

Insider Buying and Selling at Knight Therapeutics

In other news, Director Samira Sakhia purchased 20,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were purchased at an average cost of C$5.15 per share, with a total value of C$103,000.00. Also, insider Sime Armoyan purchased 90,300 shares of Knight Therapeutics stock in a transaction that occurred on Tuesday, November 12th. The shares were acquired at an average price of C$5.13 per share, with a total value of C$463,672.44. Company insiders own 45.62% of the company’s stock.

About Knight Therapeutics

Knight Therapeutics Inc develops, manufactures, acquires, in-licenses, out-licenses, markets, and distributes pharmaceutical and consumer health products, and medical devices worldwide. It offers Tafasitamab for relapsed or refractory diffuse large B-cell lymphoma; Pemigatinib for metastatic cholangiocarcinoma; Akynzeo for prevention of chemotherapy-induced acute and delayed nausea and vomiting; Aloxi for prevention of acute nausea and vomiting associated with emetogenic cancer chemotherapy; Fostamatinib for chronic immune thrombocytopenia; Nerlynx for extended adjuvant breast cancer and metastatic breast cancer; Trelstar for advanced prostate cancer; Vidaza for myelodysplastic syndrome; Abraxane for metastatic pancreatic cancer; Halaven for metastatic breast cancer and soft tissue sarcoma; and Lenvima for advanced renal cell cancer and for differentiated thyroid cancer and unresectable hepatocellular carcinoma.