Shionogi & Co., Ltd. Unsponsored ADR (OTCMKTS:SGIOY) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• Trading volume surged 33% to approximately 175,605 shares, while Shionogi ADR shares rose 1.9% to $9.51.
• Analyst sentiment improved, with Jefferies and Goldman Sachs upgrading the stock to “strong buy.” MarketBeat reports a consensus rating of “Buy” from two Strong Buy ratings and one Hold.
• Shionogi exceeded quarterly expectations, reporting $0.36 in earnings per share versus the $0.18 consensus and revenue of $1.04 billion against estimates of $970.69 million.

Shionogi & Co., Ltd. Unsponsored ADR (OTCMKTS:SGIOY - Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 175,605 shares changed hands during trading, an increase of 33% from the previous session's volume of 132,286 shares.The stock last traded at $9.51 and had previously closed at $9.14.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Zacks Research upgraded shares of Shionogi & Co., Ltd. Unsponsored ADR from a "strong sell" rating to a "hold" rating in a research report on Monday, May 25th. Jefferies Financial Group raised Shionogi & Co., Ltd. Unsponsored ADR from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 14th. Finally, The Goldman Sachs Group raised Shionogi & Co., Ltd. Unsponsored ADR from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 15th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy".

Shionogi & Co., Ltd. Unsponsored ADR Stock Up 1.9%

The stock has a market capitalization of $16.24 billion, a price-to-earnings ratio of 9.54, a price-to-earnings-growth ratio of 3.38 and a beta of 0.08. The company has a current ratio of 1.58, a quick ratio of 1.46 and a debt-to-equity ratio of 0.01. The firm's 50 day simple moving average is $8.88 and its 200-day simple moving average is $9.70.

Shionogi & Co., Ltd. Unsponsored ADR (OTCMKTS:SGIOY - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.18. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $970.69 million. Shionogi & Co., Ltd. Unsponsored ADR had a return on equity of 16.47% and a net margin of 46.67%. Equities analysts expect that Shionogi & Co., Ltd. Unsponsored ADR will post 0.8 earnings per share for the current fiscal year.

Shionogi & Co., Ltd. Unsponsored ADR Company Profile

Shionogi & Co, Ltd. is a Japan-based pharmaceutical company that conducts research, development, manufacturing and marketing of prescription drugs and vaccines. Established in the late 19th century, the company has expanded its focus beyond domestic markets to become a global player in pharmaceuticals, with particular expertise in anti-infectives, pain management, cardiovascular and central nervous system disorders.

The company's product portfolio spans both established and innovative therapies.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source