Cumberland Pharmaceuticals (NASDAQ:CPIX) Shares Cross Above 200 Day Moving Average of $3.15

Shares of Cumberland Pharmaceuticals Inc. (NASDAQ:CPIX) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.15 and traded as high as $3.25. Cumberland Pharmaceuticals shares last traded at $3.22, with a volume of 20,977 shares trading hands.

Separately, Zacks Investment Research cut shares of Cumberland Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Thursday, December 10th.

The stock’s 50-day moving average price is $3.03 and its 200 day moving average price is $3.15. The firm has a market cap of $48.35 million, a price-to-earnings ratio of -14.64 and a beta of 0.32. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.31.

An institutional investor recently raised its position in Cumberland Pharmaceuticals stock. BlackRock Inc. grew its stake in shares of Cumberland Pharmaceuticals Inc. (NASDAQ:CPIX) by 2.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 364,974 shares of the specialty pharmaceutical company’s stock after buying an additional 7,554 shares during the period. BlackRock Inc. owned approximately 2.41% of Cumberland Pharmaceuticals worth $1,171,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 26.15% of the company’s stock.

Cumberland Pharmaceuticals Company Profile (NASDAQ:CPIX)

Cumberland Pharmaceuticals Inc, a specialty pharmaceutical company, focuses on the acquisition, development, and commercialization of prescription products for hospital acute care and gastroenterology in the United States and internationally. The company offers Acetadote, an injection for the treatment of acetaminophen poisoning; Caldolor, an injection for the treatment of pain and fever; Kristalose, a prescription laxative, for the treatment of chronic and acute constipation; Omeclamox-Pak for the treatment of Helicobacter pylori infection and duodenal ulcer disease; Vaprisol injection for treating hyponatremia; and Vibativ injection, for the treatment of certain serious bacterial infections.

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