Lonza Group (OTCMKTS:LZAGY) Shares Gap Up - What's Next?

Key Points

• Lonza Group shares gapped up from $67.30 to $69.33 prior to trading on Friday, with a trading volume of 1,153 shares.
• Zacks Research downgraded Lonza Group from a "strong-buy" to a "hold" rating, reflecting a more cautious outlook on the stock.
• The company has a current average rating of "Buy", with one analyst rating it a strong buy and another a hold.

Shares of Lonza Group Ag (OTCMKTS:LZAGY - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $67.30, but opened at $69.33. Lonza Group shares last traded at $69.33, with a volume of 1,153 shares.

Wall Street Analyst Weigh In

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. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Buy".

Lonza Group Price Performance

The company's 50 day simple moving average is $68.85 and its 200-day simple moving average is $68.66.

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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