Lonza Group (OTCMKTS:LZAGY) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• Lonza Group experienced a significant surge in trading volume, with approximately 237,948 shares exchanged, marking a 216% increase compared to the previous session.
• Analysts at Zacks Research downgraded the stock from a "strong-buy" to a "hold" rating, although the consensus rating remains a "Buy" among two Strong Buy and one Hold ratings from equity analysts.
• Current financial metrics for Lonza Group include a quick ratio of 1.04, a current ratio of 1.52, and a debt-to-equity ratio of 0.45, indicating a stable financial position.

Lonza Group Ag (OTCMKTS:LZAGY - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 237,948 shares changed hands during trading, an increase of 216% from the previous session's volume of 75,345 shares.The stock last traded at $65.13 and had previously closed at $65.46.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of Lonza Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 22nd. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Lonza Group presently has a consensus rating of "Buy".

Lonza Group Stock Performance

The company has a quick ratio of 1.04, a current ratio of 1.52 and a debt-to-equity ratio of 0.45. The firm's 50 day simple moving average is $69.62 and its 200 day simple moving average is $68.36.

About Lonza Group

Lonza Group AG, together with its subsidiaries, supplies various products and services for pharmaceutical, biotech, and nutrition markets in Europe, North and Central America, Latin America, Asia, Australia, New Zealand, and internationally. It operates through Biologics, Small Molecules, Cell & Gene, and Capsules & Health Ingredients segments.

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