Otsuka (OTCMKTS:OTSKY) Shares Cross Below 50 Day Moving Average – Here’s Why

Otsuka Holdings Co., Ltd. – Unsponsored ADR (OTCMKTS:OTSKYGet 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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