Otsuka (OTCMKTS:OTSKY) Shares Gap Up - Here's What Happened

Key Points

• Otsuka Holdings Co., Ltd. shares gapped up from a closing price of $28.88 to an opening price of $29.91 before the market opened on Tuesday.
• The stock currently has a market capitalization of $30.96 billion and a price-to-earnings ratio of 0.19.
• Zacks Research has downgraded Otsuka to a "strong sell" rating, contributing to a consensus rating of "Sell" among analysts.

Shares of Otsuka Holdings Co., Ltd. - Unsponsored ADR (OTCMKTS:OTSKY - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $28.88, but opened at $29.91. Otsuka shares last traded at $29.91, with a volume of 330 shares traded.

Analysts Set New Price Targets

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

Otsuka Stock Performance

The stock has a market capitalization of $30.96 billion and a price-to-earnings ratio of 0.19. The company has a fifty day simple moving average of $25.54 and a 200 day simple moving average of $24.96.

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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