Free Trial

Otsuka (OTCMKTS:OTSKY) Shares Gap Down - Here's Why

Otsuka logo with Medical background

Key Points

  • Otsuka Holdings shares experienced a notable gap down from a previous close of $27.02 to an opening price of $26.20 before trading at the same level, indicating a possible negative market sentiment.
  • Zacks Research has issued a "strong sell" rating for Otsuka, with overall analyst sentiment reflecting an average rating of "Sell" for the stock.
  • The company has a market capitalization of $29.05 billion and a remarkably low PE ratio of 0.18, suggesting limited earnings in relation to its stock price.
  • Interested in Otsuka? Here are five stocks we like better.

Otsuka Holdings Co., Ltd. - Unsponsored ADR (OTCMKTS:OTSKY - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $27.02, but opened at $26.20. Otsuka shares last traded at $26.20, with a volume of 172 shares trading hands.

Wall Street Analyst Weigh In

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

Get Our Latest Research Report on OTSKY

Otsuka Price Performance

The stock's fifty day simple moving average is $24.77 and its 200-day simple moving average is $24.69. The firm has a market cap of $29.05 billion and a PE ratio of 0.18.

Otsuka Company Profile

(Get Free Report)

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.

Read More

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Otsuka Right Now?

Before you consider Otsuka, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Otsuka wasn't on the list.

While Otsuka currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.