Sandoz Group (OTCMKTS:SDZNY) Shares Gap Down - Should You Sell?

Key Points

• Sandoz Group AG shares gapped down from $59.63 to $57.46 before closing at $56.88, with a trading volume of 768 shares.
• Jefferies Financial Group has downgraded Sandoz Group from a "strong-buy" rating to a "hold" rating, contributing to an overall average rating of "Hold" from three analysts.
• The company's current financial ratios include a current ratio of 1.29, a quick ratio of 0.82, and a debt-to-equity ratio of 0.62.

Sandoz Group AG Sponsored ADR (OTCMKTS:SDZNY - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $59.63, but opened at $57.46. Sandoz Group shares last traded at $56.88, with a volume of 768 shares traded.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group lowered Sandoz Group from a "strong-buy" rating to a "hold" rating in a report on Friday, August 8th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of "Hold".

Sandoz Group Price Performance

The company has a fifty day moving average price of $60.00 and a 200 day moving average price of $51.84. The company has a current ratio of 1.29, a quick ratio of 0.82 and a debt-to-equity ratio of 0.62.

About Sandoz Group

Sandoz Group AG develops, manufactures, and markets generic pharmaceuticals and biosimilars worldwide. The company covers therapeutic areas, including cardiovascular, central nervous system, oncology, infectious diseases, pain and respiratory, diabetes, immunology, endocrinology, hematology, and ophthalmology, as well as bone disease.

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