Otsuka (OTCMKTS:OTSKY) Shares Gap Down – Here’s Why

Otsuka Holdings Co., Ltd. – Unsponsored ADR (OTCMKTS:OTSKYGet Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $29.70, but opened at $28.80. Otsuka shares last traded at $28.80, with a volume of 1,309 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Otsuka from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company has a consensus rating of “Strong Buy”.

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Otsuka Stock Performance

The company has a 50 day simple moving average of $27.87 and a 200 day simple moving average of $26.43.

About Otsuka

(Get Free Report)

Otsuka Pharmaceutical Co, Ltd., trading in the U.S. under the ticker OTCMKTS:OTSKY, is a global healthcare company headquartered in Tokyo, Japan. The firm’s core activities span the development, manufacturing and marketing of prescription pharmaceuticals, consumer healthcare products and nutraceuticals. Otsuka focuses its research on areas such as neuroscience, cardiovascular and renal therapies, and oncology, aiming to bring innovative treatments to patients worldwide.

Founded in 1964 by Busaburo Otsuka as a subsidiary of the Otsuka Group, the company has grown into a diversified healthcare enterprise over more than five decades.

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