Novozymes A/S (OTCMKTS:NVZMY) Shares Cross Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• Shares of Novozymes A/S recently fell below their 200-day moving average, trading as low as $63.20, while the current price is $63.82.
• Zacks Research downgraded Novozymes A/S from a "strong-buy" to a "hold" rating, impacting its overall consensus rating to "Moderate Buy."
• The company announced a dividend of $0.1856 per share, with an ex-dividend date set for September 2nd, signaling a dividend yield of 88.0%.

Shares of Novozymes A/S (OTCMKTS:NVZMY - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $65.54 and traded as low as $63.20. Novozymes A/S shares last traded at $63.82, with a volume of 45,208 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered Novozymes A/S from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 25th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

Novozymes A/S Price Performance

The company has a current ratio of 1.75, a quick ratio of 1.07 and a debt-to-equity ratio of 0.28. The firm has a market cap of $29.89 billion, a PE ratio of 40.39, a price-to-earnings-growth ratio of 1.25 and a beta of 0.93. The stock has a 50 day simple moving average of $66.84 and a 200-day simple moving average of $65.54.

Novozymes A/S Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, September 11th. Stockholders of record on Wednesday, September 3rd will be given a dividend of $0.1856 per share. The ex-dividend date is Tuesday, September 2nd. This represents a dividend yield of 88.0%. Novozymes A/S's dividend payout ratio (DPR) is presently 23.42%.

About Novozymes A/S

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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