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Otsuka (OTCMKTS:OTSKY) Shares Gap Down - What's Next?

Otsuka logo with Medical background

Key Points

  • Otsuka Holdings shares gapped down to $27.68 from a previous close of $28.69, indicating a potential selling pressure based on the latest trading activity.
  • Zacks Research has downgraded Otsuka to a "strong sell" rating, with market performance reflecting an average rating of "Sell" among analysts.
  • The company has a substantial market cap of $30.99 billion and operates in pharmaceuticals, consumer products, and other sectors, focusing on various medical fields.
  • Five stocks we like better than Otsuka.

Otsuka Holdings Co., Ltd. - Unsponsored ADR (OTCMKTS:OTSKY - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $28.69, but opened at $27.68. Otsuka shares last traded at $27.68, with a volume of 150 shares changing hands.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Analysis on OTSKY

Otsuka Stock Down 0.7%

The business has a 50 day moving average price of $25.97 and a 200 day moving average price of $25.04. The stock has a market cap of $29.60 billion and a P/E ratio of 0.18.

About Otsuka

(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.

Further Reading

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