Otsuka (OTCMKTS:OTSKY) Sees Large Volume Increase - Time to Buy?

Key Points

• Otsuka Holdings experienced a significant increase in trading volume, with 42,632 shares exchanged, although this represented a 17% decline from the prior day's volume.
• Zacks Research has downgraded Otsuka's stock to a "strong sell" rating, contributing to an overall average rating of "sell" from analysts.
• The company's market capitalization stands at $28.39 billion and it currently has a low price-to-earnings ratio of 0.18.

Shares of Otsuka Holdings Co., Ltd. - Unsponsored ADR (OTCMKTS:OTSKY - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 42,632 shares traded hands during trading, a decline of 17% from the previous session's volume of 51,261 shares.The stock last traded at $26.11 and had previously closed at $26.10.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Otsuka to a "strong sell" rating in a report on Monday, August 11th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of "Sell".

Otsuka Stock Performance

The firm has a market capitalization of $28.39 billion and a price-to-earnings ratio of 0.18. The company has a 50-day moving average of $26.52 and a 200-day moving average of $25.10.

About Otsuka

Otsuka Holdings Co, Ltd. engages in the pharmaceuticals, nutraceuticals, consumer products, and other businesses worldwide. The company develops pharmaceutical products in the fields of psychiatry, neurology, oncology, cardiovascular and renal system, digestive system, ophthalmology, and diagnostics, as well as intravenous solutions and medical devices.

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