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Novozymes A/S (OTCMKTS:NVZMY) Stock Rating Lowered by Zacks Research

Novozymes A/S logo with Basic Materials background

Key Points

  • Novozymes A/S has been downgraded from a "strong-buy" rating to a "hold" rating by Zacks Research, reflecting a more cautious outlook for the company.
  • The company's stock opened at $62.57 and has a market capitalization of $29.30 billion, indicating its significance in the industrial enzymes market.
  • Novozymes A/S specializes in producing industrial enzymes and probiotics for various sectors, including the food and beverage industry and hygiene products.
  • MarketBeat previews the top five stocks to own by October 1st.

Zacks Research lowered shares of Novozymes A/S (OTCMKTS:NVZMY - Free Report) from a strong-buy rating to a hold rating in a research note issued to investors on Monday, August 25th,Zacks.com reports.

Novozymes A/S Stock Down 0.8%

Shares of NVZMY stock traded down $0.51 during trading hours on Monday, reaching $64.20. The company had a trading volume of 59,096 shares, compared to its average volume of 49,861. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.04 and a current ratio of 1.66. Novozymes A/S has a twelve month low of $53.95 and a twelve month high of $75.99. The company has a market capitalization of $30.06 billion, a P/E ratio of 40.63, a price-to-earnings-growth ratio of 1.26 and a beta of 0.93. The stock's fifty day simple moving average is $67.90 and its 200 day simple moving average is $65.32.

Novozymes A/S Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, September 11th. Investors of record on Wednesday, September 3rd will be issued a $0.1856 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a yield of 88.0%. Novozymes A/S's dividend payout ratio is currently 48.10%.

Novozymes A/S Company Profile

(Get Free Report)

Novozymes A/S produces and sells industrial enzymes, microorganisms, and probiotics in Denmark, rest of Europe, North America, Asia Pacific, the Middle East, Africa, Latin America, and internationally. The company offers protein solutions for the food and beverage industry. It also offers industrial hygiene, drain openers, hard surface, medical cleaning, septic tanks, ware washing, and professional laundry services.

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