Bausch Health Companies (TSE:BHC) Shares Down 3.8% – Here’s What Happened

Bausch Health Companies Inc. (TSE:BHCGet Free Report) fell 3.8% during mid-day trading on Friday . The company traded as low as C$8.09 and last traded at C$8.10. Approximately 665,687 shares changed hands during mid-day trading, an increase of 22% from the average daily volume of 545,133 shares. The stock had previously closed at C$8.42.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded Bausch Health Companies to a “hold” rating in a research note on Wednesday, July 22nd. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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Bausch Health Companies Stock Performance

The firm has a market cap of C$3.03 billion, a price-to-earnings ratio of -2.76, a price-to-earnings-growth ratio of 0.21 and a beta of 0.71. The company has a quick ratio of 0.58, a current ratio of 1.44 and a debt-to-equity ratio of -1,173.29. The stock has a fifty day moving average price of C$8.13 and a 200-day moving average price of C$7.65.

Bausch Health Companies (TSE:BHCGet Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported C$1.79 earnings per share for the quarter. Bausch Health Companies had a positive return on equity of 87.57% and a negative net margin of 12.02%.The firm had revenue of C$4.05 billion during the quarter. On average, analysts expect that Bausch Health Companies Inc. will post 5.5472637 earnings per share for the current fiscal year.

Bausch Health Companies Company Profile

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Bausch Health Companies Inc (NYSE:BHC)(TSX:BHC) is a global diversified pharmaceutical company enriching lives through our relentless drive to deliver better health care outcomes. We develop, manufacture and market a range of products primarily in gastroenterology, hepatology, neuroscience, dermatology, dentistry, aesthetics, international pharmaceuticals and eye health, through our controlling interest in Bausch + Lomb. Our ambition is to be a globally integrated healthcare company, trusted and valued by patients, HCPs, employees and investors.

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