Otsuka (OTCMKTS:OTSKY) Shares Cross Below 50 Day Moving Average - Here's Why
Otsuka Holdings Co., Ltd. (OTCMKTS:OTSKY) shares fell below the 50-day moving average of $27.39, trading as low as $26.62. Analysts have upgraded the stock from "strong sell" to "hold." Despite the hold rating, top analysts suggest better investment opportunities elsewhere. Otsuka operates in pharmaceuticals and other sectors globally.
Otsuka Holdings Co., Ltd. - Unsponsored ADR (OTCMKTS:OTSKY - Get Free Report) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $27.39 and traded as low as $26.62. Otsuka shares last traded at $26.74, with a volume of 39,329 shares traded.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded Otsuka from a "strong sell" rating to a "hold" rating in a research note on Monday, October 13th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold".
View Our Latest Research Report on Otsuka
Otsuka Price Performance
The firm's 50-day simple moving average is $27.39 and its 200 day simple moving average is $25.56.
Otsuka Company Profile
(Get Free Report)Otsuka Holdings Co, Ltd. engages in the pharmaceuticals, nutraceuticals, consumer products, and other businesses worldwide. The company develops pharmaceutical products in the fields of psychiatry, neurology, oncology, cardiovascular and renal system, digestive system, ophthalmology, and diagnostics, as well as intravenous solutions and medical devices.
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