Otsuka (OTCMKTS:OTSKY) Trading Down 1.6% - Time to Sell?

Key Points

• Otsuka Holdings Co., Ltd.'s stock fell by 1.6% during trading, closing at $27.11 after reaching a low of $27.04.
• Zacks Research upgraded Otsuka's rating from "strong sell" to "hold", with a consensus rating of "hold" currently from analysts.
• The company has a market cap of $29.12 billion and operates in various sectors including pharmaceuticals and nutraceuticals.

Otsuka Holdings Co., Ltd. - Unsponsored ADR (OTCMKTS:OTSKY - Get Free Report)'s stock price traded down 1.6% during trading on Tuesday . The company traded as low as $27.04 and last traded at $27.11. 31,960 shares were traded during mid-day trading, a decline of 21% from the average session volume of 40,498 shares. The stock had previously closed at $27.55.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Otsuka from a "strong sell" rating to a "hold" rating in a report on Monday, October 13th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Otsuka presently has a consensus rating of "Hold".

Otsuka Stock Down 1.6%

The stock has a 50 day simple moving average of $27.33 and a 200 day simple moving average of $25.21. The company has a market cap of $29.12 billion and a price-to-earnings ratio of 0.18.

Otsuka Company Profile

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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