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Otsuka (OTCMKTS:OTSKY) Shares Gap Up - Should You Buy?

Otsuka logo with Medical background

Key Points

  • Otsuka Holdings Co., Ltd. shares experienced a gap up, opening at $27.76 after closing at $26.67, indicating a significant market movement.
  • Analyst ratings have downgraded Otsuka to a "strong sell" status, with the current consensus rating still holding at "sell".
  • The company has a market capitalization of $30.50 billion and a notably low PE ratio of 0.19.
  • MarketBeat previews the top five stocks to own by November 1st.

Otsuka Holdings Co., Ltd. - Unsponsored ADR (OTCMKTS:OTSKY - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $26.67, but opened at $27.76. Otsuka shares last traded at $27.78, with a volume of 21,034 shares.

Analyst Ratings Changes

Separately, Zacks Research upgraded Otsuka to a "strong sell" rating in a research note on Monday, August 11th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Otsuka presently has a consensus rating of "Sell".

Check Out Our Latest Research Report on OTSKY

Otsuka Stock Up 6.4%

The firm has a market cap of $30.50 billion and a PE ratio of 0.19. The firm has a 50-day moving average price of $26.61 and a two-hundred day moving average price of $25.12.

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

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.

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